The plainbank has 17 million in cash and equivalents 40, Finance Basics

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The plainbank has 17 million in cash and equivalents 40

Question: The Plainbank has $17 million in cash and equivalents, $40 million in loans, and $20 million in core deposits.

a. Calculate the financing gap. (Enter your answer in millions.)

Financing gap $ million

b. Calculate the financing requirement. (Enter your answer in millions.)

Financing requirement $ million

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Finance Basics: The plainbank has 17 million in cash and equivalents 40

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Finance Basics: The plainbank has 17 million in cash and equivalents 40

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