Estimates that next year its consumer loan portfolio

Assignment Help Accounting Basics

Reference no: EM131041107

EZ-Credit, Inc., has $80 million in consumer loans with an average interest rate of 13.5 percent. The bank also has $64 million in home equity loans with an average interest rate of 9 percent. Finally, the company owns $6 million in corporate securities with an average rate of 6 percent.

EZ-Credit estimates that next year its consumer loan portfolio will rise to $84 million and the interest rate will fall to 12 percent. Its home equity loans will fall to $60 million with an average interest rate of 8 percent, and its corporate securities portfolio will increase to $16 million with an average rate of 7 percent.

Reference no: EM131041107

Questions Cloud

Being united in abussines combination : Prior to being united in abussines combination Atkins inc and waterson corrparation had the following stockholders equity figures. Common stock 180000

What will be the impact on price and quantity in the market : Using demand and supply analysis what will be the impact on price and quantity in the market for yoga services.

Assembly line capable of producing : Presto frozen pizza company has determined that it needs an assembly line capable of producing 60 pizzas per hour. The following information is given for the company and its process.

How to calculate bubble up company forecast : Calculate Bubble Up company's forecast by taking market share percent of the industry sales. For example, if the industry sales for a quarter are 100,000 units and Bubble Up market share for the same quarter is 7%, then Bubble Up sales forecast f..

Estimates that next year its consumer loan portfolio : EZ-Credit, Inc., has $80 million in consumer loans with an average interest rate of 13.5 percent. The bank also has $64 million in home equity loans with an average interest rate of 9 percent. Finally, the company owns $6 million in corporate secu..

What is the maximum profit it can make : themarginal revenue schedule is MR = 540 - 0.6q2 and total fixed cost isRs. 65 what is the maximum profit it can make?

Screenshot example of a successful result : You can see the Medusa software post a success result in this video. There is also a screenshot example of asuccessful result on page 84 of the textbook.

Find the deflection right and left side of center wheel : Calculate the dynamic bending moment and deflection of rail with Winkler's theory under the point that is demonstrating - Find the deflection and moment right and left side of center wheel in cm regarding the day of your birth

Battery-powered beverage mixers : An assembly line has been designed to make battery-powered beverage mixers. Task details are shown in the table below:

User Account

All Pages