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F. Naz
F. Naz, B.Com
Category: Single Problem
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Experience:  Have completed B.Com and CA Finalist
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Consider the following income statement Savings Inc. (in

Customer Question

Consider the following income statement for WatchoverU Savings Inc. (in millions): Assets Liabilities Floating-rate mortgages (currently 15% annually) $ 57 NOW accounts (currently 11% annually) $ 77 30-year fixed-rate loans (currently 12% annually) 57
Time deposits (currently 11% annually) 20 Equity 17 Total $ 114 $ 114 a. What is WatchoverU’s expected net interest income at year-end? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16)) Net interest
income $ 4.72 million b. What will be the net interest income at year-end if interest rates rise by 2 percent? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16)) Net interest income $ million
Submitted: 1 year ago.
Category: Single Problem
Expert:  F. Naz replied 1 year ago.

What is your deadline, thanks.

Expert:  F. Naz replied 1 year ago.

$4.72 million is the answer, please see the working at following link.

http://wikisend.com/download/957852/net interest income.xls

Please rate the answer as I get credit for my efforts, when you rate the answer, thanks.

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