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  3. choose two years from the prime rate list found on

Choose two years from the Prime Rate list found on the link provided and compare...

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Question

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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