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Friendly Financial has $250 million in consumer loans with an average interest rate of 21...

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Accounting

Friendly Financial has $250 million in consumer loans with an average interest rate of 21 percent. The bank also has $164 million in home equity loans with an average interest rate of 16 percent. Finally, the company owns $44 million in corporate securities with an average rate of 13 percent.

Managers at Friendly Financial estimate that next year its consumer loan portfolio will rise to $440 million and the interest rate will fall to 19 percent. They also estimate that its home equity loans will fall to $150 million with an average interest rate of 16 percent, and its corporate securities portfolio will increase to $46 million with an average rate of 13 percent.

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Estimate Friendly Financial's revenues for the coming year.

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