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Consider the following balance sheet for Watchover Savings Inc. (in millions): (LG 23-1) Assets Liabilities and Equity Floating-rate $60 NOW deposits mortgage (currently 10% p.a.)

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Consider the following balance sheet for Watchover Savings Inc. (in millions): (LG 23-1) Assets Liabilities and Equity Floating-rate $60 NOW deposits mortgage (currently 10% p.a.) (currently 6% p.a.) 30-year fixed-rate 5-year time deposits loans (currently 7% p.a.) (currently 6% p.a.) Equity Total $150 Total What is Watchover's expected net interest income at year-end? Enter answer as decimal 0.00 90 - $105 25 20 $150

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