Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually.It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.What is the bank's net interest income for the current year?
A) $300,000.
B) $140,000.
C) $160,000.
D) $280,000.
Correct Answer:
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