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NewBank started its first day of operations with $6 million in capital. $100 million in checkable deposits is received. The bank issues a $25 million

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NewBank started its first day of operations with $6 million in capital. $100 million in checkable deposits is received. The bank issues a $25 million commercial loan and another $25 million in mortgages, with the following terms: . Mortgages: 100 standard 30-year fixed-rate mortgages with a nominal annual rate of 5.25% each for $250,000 Commercial loan: 3-year loan, simple interest paid monthly at 0.75% per month . D Question 4 2 pts What are total assets of the bank based on the first-day information (ie after they make the loans and received the deposits)? Please answer in millions of dollars 106 D Question 5 1 pts Based on the first-day information, how much does the bank have in excess reserves? Please answer in millions of dollars. How much does the bank need to borrow in the Fed Funds market to be in compliance? (again, please answer in millions of dollars) Question 10 2 pts Now let's focus on month-end for the bank. How much cash does it receive from its mortgage loans? (Please answer in Thousands of dollars) Question 11 2 pts How much of that amount is interest? (Thousands of dollars) Question 12 2 pts How much cash does the bank get for commercial loans? (thousands of $) Question 13 2 pts How much cash does the bank get for the T-Bills? Please answer in MILLIONS of dollars

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