If the FDIC charges Bank D 6.1 cents per 100 dollars insured, how much must Bank D pay to insure $7.3 million in deposits?
a. $4,4530,000
b. $445,300
c. $4,453
d. $445.30

C

Step-by-step explanation:

C.) $4,453

Step-by-step explanation:

Since we have given that ,

Rate FDIC charges bank d per 100 dollars = 6.1 cents per 100 dollars

Amount he wants to insure = $7.3 million

Amount bank d will pay is given by

Hence, option 'C' is correct.

unpaid balance is : $149.99-$50 = $99.99 new balance = 149.99+2.62-50 = $102.61 finance charge = 99.99- 0.21/12= $1.75 new balance = 99.99+1.75 = $101.74 average daily balance method average daily balance= 3399.70/30 = $113.32 finance charge = $ 0.21/12ă—113.32 = $1.98 new balance = $149.99-50+1.98 = $101.97

1. 22

2. 1

3. 7

4. 18

step-by-step explanation

e2020 got it right