Friendly Financial has $230 million in consumer loans with an average interest rate of 19 percent. The bank also has $148 million in home equity loans with an average interest rate of 14 percent. Finally, the company owns $38 million in corporate securities with an average rate of 11 percent.
Managers at Friendly Financial estimate that next year its consumer loan portfolio will rise to $372 million and the interest rate will fall to 17 percent. They also estimate that its home equity loans will fall to $130 million with an average interest rate of 14 percent, and its corporate securities portfolio will increase to $40 million with an average rate of 11 percent.
Required:(a) Estimate Friendly Financial’s revenues for the coming year. (Enter your answer in thousands of dollars.)

$85.84 Million

Explanation:

Interest Income has been calculated as under:

Income on Consumer Loan = $372 * 17% =         $63.24 Million

Income on Home Equity = $130 * 14% =               $18.2   Million

Income on Consumer Loan = $40 * 11% =            $4.4     Million

Total Income                                                        $85.84 Million

So the total income that the Friendly Financial will earn from the money invested will be $85.84 million.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education