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Use the following assumptions to determine the collected balance required: Ledger Balance = $350,000 Deposit Float = $212,000 Earnings Credit Rate = 1% Days in

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Use the following assumptions to determine the collected balance required: Ledger Balance = $350,000 Deposit Float = $212,000 Earnings Credit Rate = 1% Days in Month = 30 days Reserve Requirement Ratio = 10% Monthly Services Charges = $477 Select one: a. $644,833 O b. None of the options O c. $573.250 d. $138,000

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