Bank of Corvallis started its first day of operations with $8 million in capital on August 1, 2018. $200 million in checkable deposits is received. The bank issues a $65 million commercial loan and another $45 million in mortgages, with the following terms: Mortgages: 100 standard 30-year, fixed-rate with a nominal annual rate of 6.75% each for $450,000. Commercial loan: 3-year loan, simple interest paid monthly at 1.25%/month. If required reserves are 10%, what does the bank balance sheet look like
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Bank of Corvallis started its first day of operations with $8 million in capital on August 1, 2018....
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