Following is financial information on loans as of the end of last quarter (end of Q1). It is now the end of this quarter (end of Q2). During this quarter (during Q2), the bank issued new loans of $50,000 that mature in t+3 (end of Q2 + 3). Calculate the total loan dollars for the end of this quarter (end of Q2).
End of Last Quarter (end Q1) | |||
Loans Maturing at time: | Loan Dollars | ||
t | 62,375 | ||
t + 1 | 51,314 | ||
t + 2 | 66,622 | ||
t + 3 | 55,218 |
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End of Last Quarter (end Q1) | Loan Dollars |
t | 62,375 |
t + 1 | 51,314 |
t + 2 | 66,622 |
t + 3 | 55,218 |
End of Last Quarter (end Q2) | Loan dollars |
t | 51,314 |
t + 1 | 66,622 |
t + 2 | 55,218 |
t + 3 | 50,000 |
Total | 2,23,154 |
the time 't' denotes each quarter here, the loan amounting 62,375 has been matured(highlighted in red) at the end of Q2. The newly issued loan of 50,000 with a maturity of t +3 is been registered into the accounts.
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