Business
Business, 24.12.2019 03:31, durham953

Bank of the atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. it has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually. what is the bank's net interest income for the current year? a. $300,000. b. $140,000. c. $160,000. d. $280,000. e. $80,000.

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