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In the first quarter of 2 0 2 2 , Future - Tale Bank processed 1 0 8 , 0 0 0 International transactions. Of

 

In the first quarter of 2022, Future-Tale Bank processed 108,000 International transactions. Of those transactions, 15,000 were cancelled and reverted, resulting in a 13.8% return rate. The rate of return is above the accepted 7% rate and costs the company an additional $520,000 for the first quarter. Over the course of the year, the current process could result in an additional cost of over $2.1 million. This will affect the overall financial position of the company and the loss of customers.

Identify the magnitude of the problem.

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