Determine the annual net cost of these checking accounts: a. Monthly fee $5, check-processing fee of 25
Question:
Determine the annual net cost of these checking accounts:
a. Monthly fee $5, check-processing fee of 25 cents, average of 19 checks written per month
b. Annual interest of 2.5% paid if balance exceeds $750, $8 monthly fee if account falls below minimum balance, average monthly balance $815, account falls below $750 during 4 months.
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Related Book For 
Personal Financial Planning
ISBN: 9781439044476
12th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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