Consider the following balance sheet for Watchover Savings Inc. (in millions): (LG 23-1) Assets Liabilities and Equity F

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Consider The Following Balance Sheet For Watchover Savings Inc In Millions Lg 23 1 Assets Liabilities And Equity F 1 (48.12 KiB) Viewed 58 times

Consider the following balance sheet for Watchover Savings Inc. (in millions): (LG 23-1) Assets Liabilities and Equity Floating-rate mortgage $60 NOW deposits (currently 10% p.a.) (currently 6% p.a.) 30-year fixed-rate 5-year time deposits loans (currently 7% p.a.) (currently 6% p.a.) Equity 20 Total $150 Total $150 What will be the net interest income at year-end if interest rates rise by 2 percent? Enter answer as decimal 0.00 90 $105 25