(Answered) Question diamond pit savings association finds that it can

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Question: Diamond Pit Savings Association finds that it can attract the following amounts of deposits if it offers new depositors and those rolling over their maturing CDs the interest rates indicated below:

Management anticipates being able to invest any new deposits raised in loans yielding 7 percent. How far should this thrift institution go in raising its deposit interest rate in order to maximize total profits (excluding interest costs)?

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