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Bank of the Atiantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4,0 percent annually, it has

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Bank of the Atiantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4,0 percent annually, it has assets of 55 million with an average maturity of 5 years earning interest rates of 6,0 percent annually. What is the bank's net interest income in dollars in year 3 , if it refinances all of its liabilities at a rate of 8.0 percent? $40,000 520,000 $40,000 520,000 $60.000 Clear my choice

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