Please answer these 2 questions:

The remaining questions relate to the first month's operations of NewBank. 7. NewBank started its first day of operations with $6 million in capital. $100 million in checkable deposits is received. The bank issues a $25 million commercial loan and another $25 million in mortgages, with the following terms: - Mortgages: 100 standard 30-year fixed-rate mortgages with a nominal annual rate of 5.25% each for $250,000 - Commercial loan: 3-year loan, simple interest paid monthly at 0.75% per month If required reserves are 8%, what do the bank balance sheets look like? Ignore any loan loss reserves. 8. NewBank decides to invest $45 million in 30-day T-bills. The T-bills are currently trading at $4,986.70 (including commissions) for a $5,000 face value instrument. How many do they purchase? What does the balance sheet look like