A bank starts with ALL of $2.965 million at the beginning of the year, charges off worthless loans of $0.436 million during the year, recovers $0.068 million on loans previously charged off, and charges current income for a $0.336 million provision for loan losses during the year. What ALL will the bank have at the end of the year, to the nearest $ 0.001 million?

Answer rating: 100% (QA)

To calculate the total amount the bank will have at the end of t... View the full answer