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Use the following assumptions to determine the monthly earnings credit: Ledger Balance = $3,000,000 Deposit Float = $300,000 Earnings Credit Rate = 0.70% Days in

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Use the following assumptions to determine the monthly earnings credit: Ledger Balance = $3,000,000 Deposit Float = $300,000 Earnings Credit Rate = 0.70% Days in the Month = 30 Reserve Requirement Ratio = 8% ca. $13,011.4 b. $1429 c. $1,597 c d.$15,970

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