Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

تمرين 128

Bank of America borrowed $80,000,000 at 5, interest for 180 days from a Japanese investment house. At the same time, the bank made the following three loans, each for the exact same 180-day period:
An 8, simple discount note for $14,500,000 to a Louisiana company building minesweepers in New Orleans for the British government.
(a) Find the difference between interest received and interest paid by the bank on these funds. _____________