The financial statement below is for the current year. After you review the data, calculate the duration

Question:

The financial statement below is for the current year. After you review the data, calculate the duration gap for the bank.

The First National Bank initially has the balance sheet and that interest rates are initially at10%.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...