If the NCUA charges 3.3 cents per 100 dollars insured and Credit Union M pays $5,995 in NCUA insurance premiums, approximately how much is in Credit Union M’s insured deposits?

The premium rate is 3.3 cents per $100 insured, or $0.033 ÷ $100 = 0.00033 of the insured deposits. Divide the $5,995 premium by 0.00033: $5,995 ÷ 0.00033 ≈ $18,181,818. That is approximately $18.2 million, so the correct choice is $18.2 million.

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