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If the NCUA charges 6.3 cents per 100 dollars insured and Credit Union L pays $8,445 in NCUA insurance premiums, approximately how much is in Credit Union L’s insured deposits? …

If the NCUA charges 6.3 cents per 100 dollars insured and Credit Union L pays $8,445 in NCUA insurance premiums, approximately how much is in Credit Union L’s insured deposits? …
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1 vote
If the NCUA charges 6.3 cents per 100 dollars insured and Credit Union L pays $8,445 in NCUA insurance premiums, approximately how much is in Credit Union L’s insured deposits? a. $1.2 million b. $5.3 million c. $13.4 million d. $20.6 million

asked
User Amy Murphy
by
7.6k points

2 Answers

4 votes

Answer:

13.4 MILLION

Step-by-step explanation:

i just took the test boiii

answered
User Gauzy
by
7.4k points
1 vote
$8,445 = 844,500 cents
844,500 : 6.3 = 134,047.61
134,047.61 · 100 = $13,404,761 ≈ $13.4 million
Answer:
C ) $13.4 million
answered
User Ashutosh Singh
by
8.7k points
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