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Use the following assumptions to determine the monthly earnings credit: Ledger Balance =$1,100,000 Deposit Float =$100,000 Earnings Credit Rate =0.50% Days in Month =30 days

Use the following assumptions to determine the monthly earnings credit: Ledger Balance =$1,100,000 Deposit Float =$100,000 Earnings Credit Rate =0.50% Days in Month =30 days Reserve Requirement Ratio =10%

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