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Business, 06.11.2019 21:31 xojade

Oldhat financial starts its first day of operations with $8 million in capital. a total of $140 million in checkable deposits are received. the bank makes a $30 million commercial loan and another $40 million in mortgages, with the following terms: 200 standard 30-year, fixed-rate mortgages with a nominal annual rate of 5.25%, each for $200 comma 000. assume that required reserves are 8%.

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