Jill has not been able to maintain the $1,000 minimum balance required to avoid fees on her
Question:
Month Number of Checks on statement
May ............................................. 14
June ............................................. 19
July ............................................. 23
August ......................................... 24
a. What is the mean number of checks Jill wrote per month during the last four months?
b. Based on the mean, estimate how much Jill expects to pay in per- check fees each month after she switches to the new account.
c. Estimate the total monthly fees Jill will pay each month for the new checking account.
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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