Gfb estimates that the volume of business loans

Reference no: EM131103829

In 2013, Grand Falls Bank (GFB) had $4,000,000 in business loans at an average interest rate of 3.5 percent as well as $3,200,000 in consumer loans with an average rate of 8 percent. GFB also has $750,000 invested in government securities that pay interest at an average rate of 2.5 percent.

For 2014, GFB estimates that the volume of business loans will increase to $6,000,000, and the interest rate will rise to 5 percent. It projects that consumer loans will be $4,000,000 and have an average interest rate of 11 percent. The bank's government security investment will be $1,600,000 and will bear an average interest rate of 4.5 percent. What is GFB's projected revenue for 2014?

Reference no: EM131103829

Questions Cloud

Far analysis : Please Explain Following analysis of AirAsia airline: FAR analysis Gap analysis VRIO analysis

Provision of marketing and transport facilities for tin : Tin acquired 15% of the equity voting shares and 90% of the non-voting preferred shares of Copper. Copper has no other category of shares.

Normal care and intensive care : Limon Hospital has two types of patients: normal care and intensive care. On a daily basis, both types of patients consume resources necessary for their care.

Reviewing the budget every month to determine : As an office manager, you are reviewing the budget every month to determine what your costs are. When reviewing the budget, you see that your payroll is over-budget the last two months.

Gfb estimates that the volume of business loans : In 2013, Grand Falls Bank (GFB) had $4,000,000 in business loans at an average interest rate of 3.5 percent as well as $3,200,000 in consumer loans with an average rate of 8 percent. GFB also has $750,000 invested in government securities that pay..

Bonds outstanding with the following characteristics : Red Frog Brewery has $1,000-par-value bonds outstanding with the following characteristics: currently selling at par; 5 years until final maturity; and a 9 percent coupon rate (with interest paid semiannually).

Which is most appropriate to justify use of death penalty : Of the five contemporary goals of sentencing discussed in the unit, which is the most appropriate to justify the use of the death penalty? Debate the ethics of the principle of "lex talionis" (an eye for an eye). Ensure that in your response you ..

Southworth company uses a job-order costing system : Southworth Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of the cost of direct materials used in production.

Concept of integrated marketing communications : This assignment requires you to analyze how DELL COMPUTERS integrates its marketing communications tools and promotional activities. Your essay should display the following:

User Account

All Pages