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Metrobank offers one-year loans with a 9 percent stated rate, charges a 1/ percent loan origination fee, imposes a 10 percent compensaling balance requirement, and

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Metrobank offers one-year loans with a 9 percent stated rate, charges a 1/ percent loan origination fee, imposes a 10 percent compensaling balance requirement, and must pay o 6 percent reserve requirement to the Federal Reserve. What is the tifuth to the bank on these loans? (Do not round intermediate calculations. Round your answer to 1 decimol place. (e-9.3.3.1))

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