AFP CTP Question Answer
Based on the following information, how much money will XYZ Company owe the bank for monthly service charges after the earnings credit is applied?
Average Ledger Balance $500,000
Deposit Float$10,000
Reserve Requirement10%
Earnings Credit Rate5%
Monthly Service Charges$5,000
Days in month30
AFP CTP Summary
- Vendor: AFP
- Product: CTP
- Update on: Oct 21, 2025
- Questions: 1076
