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Gladys Bank and Trust has $455 million in consumer loans with an average interest rate of 8.20 percent. The bank also has $335 million in

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Gladys Bank and Trust has $455 million in consumer loans with an average interest rate of 8.20 percent. The bank also has $335 million in home equity loans with an average interest rate of 5 percent. Finally, the company owns $155 million in government securities with an average rate of 3 percent. Managers at Gladys Bank and Trust estimate that next year its consumer loan portfolio will fall to $415 million and the interest fate will increase to 9.70 percent. They also estimate that its home equity loans will increase to $375 million with an average interest rate of 7 percent, and its government securities portfolio will increase to $170 million with an average rate of 16.00 percent. Required: Estimate the revenues for the coming year for Gladys Bank and Trust. Note: Enter your answer in thousands of dollars

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