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Gladys Bank and Trust has $ 4 3 0 million in consumer loans with an average interest rate of 7 . 9 5 percent. The
Gladys Bank and Trust has $ million in consumer loans with an average interest rate of percent. The bank also has $ million in home equity loans with an average interest rate of percent. Finally, the company owns $ million in government securities with an average rate of percent.
Managers at Gladys Bank and Trust estimate that next year its consumer loan portfolio will fall to $ million and the interest rate will increase to percent. They also estimate that its home equity loans will increase to $ million with an average interest rate of percent, and its government securities portfolio will increase to $ million with an average rate of percent.
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Estimate the revenues for the coming year for Gladys Bank and Trust.
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