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Estimate the monthly fixed cost and the variable cost

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Reference no: EM132614460

Question - The Epping Bank has incurred the following costs in its Loans Department over the past year

a) Estimate the monthly fixed cost and the variable cost (in dollars and cents) per loan using the high-low method, and express it in equation form.

b) Predict the loan department's costs for a month in which 4 300 loans were processed.

Reference no: EM132614460

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