Business, 06.05.2021 18:10 Thejollyhellhound20

Adair Credit, Inc. has $51.0 million in consumer loans with an average interest rate of 14.0%. The company has $46.0 million in home equity loans with an average interest rate of 10.0%, and owns $8.0 million in corporate securities with an average interest rate of 8%. Next year, consumer loans are estimated to increase to $56.0 million because of a rate decrease to 12.0%, while home equity loans are estimated to increase to $48.0 million at an average interest rate of 8.5%. Unfortunately, the investment in corporate securities is estimated to decrease by 20% and the average interest rate is estimated to be 11.0%. What is Adair's estimated change in revenues next year

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Adair Credit, Inc. has $51.0 million in consumer loans with an average interest rate of 14.0%. The c...

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