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hram777 [196]
3 years ago
8

A bank has total interest income of $67 million and total noninterest income of $14 million. This bank has total interest expens

es of $35 million and total noninterest expenses (excluding PLL) of $28 million. Its provision for loan losses is $6 million and its taxes are $5. What is this bank's net interest income?
Business
1 answer:
tresset_1 [31]3 years ago
7 0

Answer:

$32 million

Explanation:

Data provided in the question:

Total interest income = $67 million

Total noninterest income = $14 million

Total interest expenses = $35 million

Total noninterest expenses (excluding PLL) = $28 million

Provision for loan losses = $6 million

Taxes = $5 million

Now,

Bank's net interest income = Total interest income - Total interest expenses

= $67 million - $35 million

= $32 million

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Anthony and Michelle Constantino just got married and received ​$29,000 in cash gifts for their wedding. How much will they have
bearhunter [10]

Answer:

Future value will be larger with smaller compounding period; $373.4 more would be earned with shorter compounding period.

Explanation:

Given:

Amount to be invested = 29,000÷2 = $14,500

Duration if amount invested = 25 years

Rate = 4% or 0.04 compounded annually

Value of investment at the end of 25 years = 14,500\times(1+0.04)^{25}

                                                                         = $38,654.63

Future value if compounded annually is $38,654.63

Future value if semi-compounded annually:

Duration = 25×2 = 50 periods

Rate = 0.04÷2 = 0.02

Value of investment at the end of = 14,500\times(1+0.02)^{50}

                                                                         = $39,028.03

Future value if semi-compounded annually is $39,028.03

As such, future value is larger if compounding period was 6 months.

They would have earned $373.40 more that is (39,028.03 - 38,654.63), with shorter period.

8 0
3 years ago
Hi guys, i need urgently some help with this question
klasskru [66]

Answer:

Accounting rate of return, also known as the Average rate of return, or ARR is a financial ratio used in capital budgeting. The ratio does not take into account the concept of time value of money. ARR calculates the return, generated from net income of the proposed capital investment. The ARR is a percentage return. Say, if ARR = 7%, then it means that the project is expected to earn seven cents out of each dollar invested (yearly). If the ARR is equal to or greater than the required rate of return, the project is acceptable. If it is less than the desired rate, it should be rejected. When comparing investments, the higher the ARR, the more attractive the investment. More than half of large firms calculate ARR when appraising projects.

Explanation:

hope this helps

4 0
2 years ago
From the time he arrives at the craters' farm, mr. shiftlet's greatest desire is for
spayn [35]
<span>Mr. Shiftlet is a character from the story, The Life You Save May Be Your Own, written by Flannery O’Connor. In it, Mr. Shiftlet visits the Crater farm in Alabama and Mrs. Crater hires him to do repairs around the farm. From the beginning, Mr. Shiftlet's greatest desire is to obtain a car he found parked at the farm. He spends a good deal of time working on the car and wants it for himself.</span>
4 0
3 years ago
SCREEN SHOT / MAX POINTS / WILL MARK BRAINLIEST Match the term to the definition. mixed economy The method a country uses to ans
Stolb23 [73]

Answer:

Mixed economy - combined elements of the command and market economies

Market economy- The resources are owned and controlled by the people of the country

Economic system - The method a country uses to answer the three economic questions market economy

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3 0
3 years ago
Company X has 2 million shares of common stock outstanding at a book value of $2 per share. The stock trades for $3 per share. I
Vera_Pavlovna [14]

Answer:

Correct option is B.

<u> The weight of debt for WACC purposes is 23.08%</u>

Explanation:

Amount of debt = 2 million x 0.90

 = 1.80 million

Amount of equity = 2 million x 3

= 6 million

Weight of debt = amount of debt/ (amount of debt + amount of equity)

  = 1.80 million / ( 6 million + 1.80 million)

  =23.08%

8 0
3 years ago
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