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The spread of the bank is 4.00%, the cost rate on funds is 2.00%. If the banks' earning assets are $1,000,000, then the interest income

The spread of the bank is 4.00%, the cost rate on funds is 2.00%. If the banks' earning assets are $1,000,000, then the interest income of the bank is DON'T USE COMMA SEPARATORS. PRESENT YOUR ANSER ROUNDED TO O DECIMAL PLACES

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