A bank today makes $100 in 3-year loans with a 7% fixed annual interest rate. It funds the loans today with $100 in 1-year CDs that currently have a 2% annual interest rate. What is the bank's expected net interest income in the first year if all interest rates remain the same throughout the year? A) $7 B) $2 C) $5 D) $9 E) $11 A bank today makes $100 in 3-year loans with a 16% fixed annual interest rate. It funds the loans today with $100 in 1 -year CDs that currently have a 7% annual interest rate. What is the bank's expected net interest income in the second year if interest rates rise by 1% tomorrow and remain at that level for the next two years? A) $9 B) 23 C) $7 D) $16 E) $8 A bank today makes $100 in 3-year loans with a 16% fixed annual interest rate. It funds the loans today with $100 in 1 -year CDs that currently have a 7% annual interest rate. What is the bank's expected net interest income in the second year if interest rates fall by 1% tomorrow and remain at that level for the next two years? A) $10 B) 23 C) $7 D) $16 E) $9