Venture CapitalSuppose that a bank has three main sources of income—business loans, auto loans, and…

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Venture Capital

Suppose that a bank has three main sources of income—business loans, auto loans, and home mortgages—and that it draws funds from these sources for venture capital used to provide start-up funds for new businesses. Suppose the income from these sources for each of 3 years is given in Table 3.4, and the bank uses 45% of its income from business loans, 20% of its income from auto loans, and 30% of its income from home mortgages to get its venture capital funds. Write a matrix product that gives the venture capital for these years, and find the available venture capital in each of the 3 years.

income From loans

Year

Business

Auto

Home

2010

63,300

20,024

51,820

2011

48,305

15,817

63,722

2012

55,110

18,621

64,105

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