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Return to question 1 Consider the following balance sheet for Watchover U Savings Incorporated ($ in millions): 3 points Assets Floating-rate mortgages (currently 11% annually)

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Return to question 1 Consider the following balance sheet for Watchover U Savings Incorporated ($ in millions): 3 points Assets Floating-rate mortgages (currently 11% annually) 30-year fixed-rate loans (currently 8% annually) $ 65 65 Liabilities NOW accounts (currently 7% annually) Time deposits (currently 7% annually) Equity Total $ 130 $ a. What is WatchoverU's expected net interest income at year-end? b. What will be the net interest income at year-end if interest rates rise by 2 percent? (For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places. (e.g., 32.16)) Answer is complete but not entirely correct. a. Net interest income $ 4.16 million 4.42 x million b. Net interest income $ Return to question 1 Consider the following balance sheet for Watchover U Savings Incorporated ($ in millions): 3 points Assets Floating-rate mortgages (currently 11% annually) 30-year fixed-rate loans (currently 8% annually) $ 65 65 Liabilities NOW accounts (currently 7% annually) Time deposits (currently 7% annually) Equity Total $ 130 $ a. What is WatchoverU's expected net interest income at year-end? b. What will be the net interest income at year-end if interest rates rise by 2 percent? (For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places. (e.g., 32.16)) Answer is complete but not entirely correct. a. Net interest income $ 4.16 million 4.42 x million b. Net interest income $

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