3. Consider Problem 3, Set 17.1a. Suppose that Bankl currently has $500,000 worth of outstanding loans. Of
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3. Consider Problem 3, Set 17.1a. Suppose that Bankl currently has $500,000 worth of outstanding loans. Of these, $100,000 are new, $50,000 are one quarter late, $150,000 are two quarters late, $100,000 are three quarters late, and the rest are over four quarters late.
What would the picture of these loans be like after two cycles of loans?
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