You opened up a new account that pays 4% interest on the average balance of the account
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You opened up a new account that pays 4% interest on the average balance of the account for the month but charges 25 cents for every transaction. What is your break-even point (number of transactions) if your average balance is $500?
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Monthly interest ...View the full answer
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Related Book For 
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
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