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  1. business
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  3. a commercial bank has earning assets of $1 billion

A commercial bank has earning assets of $1 billion which earn an average rate of...

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Accounting

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A commercial bank has earning assets of $1 billion which earn an average rate of 7 percent. The assets are funded by interest bearing liabilities of $800 million which cost 4 percent. Noninterest income is $18,000,000 and noninterest expense is $28,000,000. No money is set aside for future charge offs. What is the net interest income for the bank? A. $70,000,000 B. $32,000,000 C. $38,000,000 D. $56,000,000 E. $40,000,000

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