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Business, 22.11.2019 02:31 Lingz

Last year stealth bank received $60 million in interest payments from borrowers. $20 million in loans were written off as uncollectible. it paid out $22 million in interest to its depositors and collected $35 million for various fees it charged. administration costs were $15 million and taxes were $3 million. what was the value of stealth bank's accounting profits?

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Last year stealth bank received $60 million in interest payments from borrowers. $20 million in loan...
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