Assets			Liabilities
Floating-rate mortgages (currently 13% annually)	$	64	NOW accounts (currently 9% annually)	$	84
30-year fixed-rate loans (currently 10% annually)		64	Time deposits (currently 9% annually)		33
			Equity		11
Total	$	128		$	128

What will be the net interest income at year-end if interest rates rise by 4 percent?

Select one:

a. 3.39 million

b. 4.19 million

c. 3.10 million

d. 4.92 million

e. 5.21 million