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Business, 16.04.2021 03:20 miami158999

A bank determines from an analysis on its deposits that account processing and other operating expenses cost the bank $5.45 per month. It has also determined that its non-operating expenses on its deposits are $1.70 per month. The bank wants to have a profit margin which is 11 percent of monthly costs. What monthly fee should this bank charge on its deposit accounts

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