highlight the whole assignment below and copy into a word doc.
Be A Better Banker
Directions: In this activity you are a representative of First National Bank of Markwald City. This is a very prestigious position. You will see how Banks make their money. Calculate the items below to see how much FNB of Markwald City did on this certain day. You just need a calculator. Remember this, all savings and loans are calculated for one year!
Money into the Bank
Judith Krepske opens a Savings Account of $5000 at 1.2%. ____________
Big Daddy Jones opens a 5 year CD for $10,000 at 3.1%. ____________
Mr. Farnsworth adds a deposit of $25,000 to his Savings Account at 1.2%. ____________
Crazy Carl Struthers (wrestling star) opens a savings account for his $47,000 that he just won in a match. (1.2% of course) ____________
Total interest paid to clients ____________
Money Loaned
Jonathon Booyah borrows $15000 for a new car at 7.5%. ____________
Mr. Piggles borrows $12000 for an addition on his house at 8.1%. ____________
Kris Kringle borrows $60000 for a new lodge at the North Pole at 8.1% ____________
Total interest made from loans ____________
Now, subtract interest paid to clients from interest made from loans and the total amount of money the bank made this year for these transactions was
_________________________
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