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MariettaO [177]
3 years ago
7

A bank has an allowance for loan loss of $4.5m at the beginning of the year and $4.2m at the end of the year, non performing loa

ns of $6.2m at the beginning of the year and $5.8m at the end of the year, and has net charge offs of $2.7m in bad loans. what was the bank’s provision for loan loss for the year?
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

0.259

Explanation:

difference in loan loss allowance in the year= 4.5-4.2= 0.3m

difference in non performing loans in the year= 6.2-5.8= 0.4m

Provision for loan loss= (difference in loan loss allowance + difference in non performing loans)/ net charge offs

provision for loan loss= (0.3+0.4)/2.7=0.259

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Answer:

both b and c

Explanation:

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6 0
3 years ago
You were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your
pickupchik [31]

Answer:

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Explanation:

Solution

Recall that:

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By applying or using a financial calculator

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N = 4

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PV = -100,000

FV = 0

CPT PMT

The payments are known to to be 27,408.71

Note : Kindly find an attached copy of the Financial calculator below

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if you pay for money in have discussed about payment for your government and your country in 2012

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<em>(A) Principle of Supply and Demand </em>

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