Interest payment amounts in dollars

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Reference no: EM13971801

The Dallas Fed is currently processing fed funds loans with the following quoted rates, each for excess reserve amounts of $5 million and for a period of 24 hours. What are the interest payment amounts in dollars for each loan? Compute and graph the interest amounts in excel.

Quoted Yield

Loan 1 0.60%
Loan 2 0.90%
Loan 3 1.15%
Loan 4 1.90%
Loan 5 2.85%
Loan 6 3.50%
Loan 7 4.95%
Loan 8 6.85%

Reference no: EM13971801

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