A bank has the following balance$-$sheet items:

A$.$ Assets: mortgages $($floating$-$rate; yield: $4\%$; amount: $50mln)$; consumer loans $($fixed$-$rate; yield: $7\%$; amount: $20mln)$

B$.$ Liabilities: term deposits $($fixed$-$rate; yield: $3\%$; amount: $40mln)$; certificates of deposits $($fixed$-$rate, yield: $6\%$; amount: $20mln)$

Compute the annual net interest income: