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Consider the following income statement for WatchoverU Savings Inc. (in millions): ( LG 19-1 ) What is WatchoverUs expected net interest income at year-end? What

Consider the following income statement for WatchoverU Savings Inc. (in millions): (LG 19-1)


image text in transcribed What is WatchoverUs expected net interest income at year-end?
What will be the net interest income at year-end if interest rates rise by 2 percent?
Liabilities Assets Floating-rate mortgages (currently 10% annually) 30-year fixed-rate loans (currently 7% annually) NOW accounts (currently 6% annually) $ 50 $ 70 Time deposits (currently 6% annually) Equity Total $100

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