CoursHeroTranscribedText: Module 10 Homework 0 Saved Help 1 6.25 points References Gladys Bank and Trust...
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CoursHeroTranscribedText: Module 10 Homework 0 Saved Help 1 6.25 points References Gladys Bank and Trust has $395 million in consumer loans with an average interest rate M750 percent. The bank also has $275 million in home equity loans with an average interest rate of 5 percent. Finally. the company owns $95 million in government securities with an average rate of3 percent. Managers at Gladys Bank and Trust estimate that next year its consumer loan portfolio will fall to $355 million and the interest rate will increase to 9.10 percent. They also estimate that its home equity loans wili increase to $315 million with an average interest rate of 7 percent, and its government securities portfolio will increase to $110 million with an average rate ofiDDO percent. Required: Estimate the revenues for the coming year for Gladys Bank and Trust. Note: Enter your answer in thousands of dollars. Prev 1M4 555 Next ) Save a Exit Submit
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