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Dupree Funds is considering the fees charged by two banks.

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Dupree Funds is considering the fees charged by two banks. First America charges a flat rate of $0.11 per payment and First Western requires a minimum compensating balance of $500,000, plus $05 per payment. What is the number of payments per year where the cost of the two banks will be equal? Assume Dupree's cost of funds is 9%
Submitted: 9 years ago.
Category: Homework
Expert:  The Professor replied 9 years ago.

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