AFP Certified Treasury Professional CTP Question # 465 Topic 24 Discussion

AFP Certified Treasury Professional CTP Question # 465 Topic 24 Discussion

CTP Exam Topic 24 Question 465 Discussion:
Question #: 465
Topic #: 24

ABL Corporation is currently receiving a return of 10% on its investments. The bank is offering them an ECR of 15%. In order to get more value for their money ABL Corp. has decided to take advantage of the higher ECR and use funds from its Money Market Accounts to cover bank service charges.

CTP Question 465

If ABL already has an average ledger balance of $750,000, how much more do they need to deposit on their account to cover all $10,000 of monthly service charges?


A.

$136,111.11


B.

$736,111.11


C.

$811,111.11


D.

$886,111.11


Get Premium CTP Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.