Choose two years from the Prime Rate list found on the link provided and compare...
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Accounting
Choose two years from the Prime Rate list found on the link provided and compare the banks net income for those two years. Assume interest only payments. find the interest income and subtract the cost of funds
this is the prime rate for two years
effective date rate
11/28/1988
10.50%
10/22/1987
9.00%
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