A group of businesspeople from Scott Island are considering filing an application with the state banking commission
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Initial cost of banking facility | $3,300,000.00 | ||
Initial other organizing expenses | $500,000.00 | ||
Year 1 revenue | $400,000.00 | ||
Year 1 operating expense | $160,000.00 | ||
Annual growth rate in revenues | 4.00% | ||
Annual growth rate in expenses | 2.00% | ||
Required annual rate of return | 10.00% |
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Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
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