Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The WCOB has the following information about its balance sheet $ 519 million in interest bearing deposits with an average interest rate of 1.63 %
The WCOB has the following information about its balance sheet $ 519 million in interest bearing deposits with an average interest rate of 1.63 % , $ 185 million in demand deposits , 710 million in loans and securities with an average interest rate of 3.76 % , and $ 35 million in cash What is their net interest income ?
Note : Answer in millions of dollars , report two decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started