Question: Return to question Consider the following balance sheet for Watchover Savings Inc. ($ in millions): Assets Floating-rate mortgages (currently 118 annually) 30-year fixed-rate loans (currently
Return to question Consider the following balance sheet for Watchover Savings Inc. ($ in millions): Assets Floating-rate mortgages (currently 118 annually) 30-year fixed-rate loans (currently 88 annually) $ 65 65 Liabilities NOW accounts (currently 71 annually) Time deposits (currently 78 annually) Equity Total $130 a. What is WatchoverU's expected net interest income at year-end? b. What will be the net interest income at year-end if interest rates rise by 2 percent? (For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places. (e.g., 32.16) Answer is complete but not entirely correct. million a. Net interest income Net interest income s 41,600,000.00 $ 442,000.00 million b. 052 Prey Next > 1 of 5 !!! RE 16 Return to question Consider the following balance sheet for Watchover Savings Inc. ($ in millions): Assets Floating-rate mortgages (currently 118 annually) 30-year fixed-rate loans (currently 88 annually) $ 65 65 Liabilities NOW accounts (currently 71 annually) Time deposits (currently 78 annually) Equity Total $130 a. What is WatchoverU's expected net interest income at year-end? b. What will be the net interest income at year-end if interest rates rise by 2 percent? (For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places. (e.g., 32.16) Answer is complete but not entirely correct. million a. Net interest income Net interest income s 41,600,000.00 $ 442,000.00 million b. 052 Prey Next > 1 of 5 !!! RE 16
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