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nstead of a compensating balance, the bank proposes to provide lock box services on a fee basis, charging an annual fee of Rs.1,000.00 plus Rs.10
nstead of a compensating balance, the bank proposes to provide lock box services on a fee basis, charging an annual fee of Rs.1,000.00 plus Rs.10 per check. DEL expects 40,000 checks per year to be processed through the lock box. Compute the annual profit or (loss) amount associated with accepting the fee based proposal? Show your
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