A bank charges fees and/or gives interest based on the balance of an account. Fees are...
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A bank charges fees and/or gives interest based on the balance of an account. Fees are automatically deducted from a customer's account balance at the end of the month. Write a METHOD called findNew Balance () that calculates and returns the account new balance after the application of fees based on the following rules: • Negative and zero balances incur a $50 overdraft fee Balances below the required $500 (but positive) incur a $10 maintenance fee Balances from $500 to $1000 (inclusive) will gain 0.1% interest Balances over $1000 will gain 2% interest a. Write the findNewBaiance method below to compute the new account balance. You may also return on error. A bank charges fees and/or gives interest based on the balance of an account. Fees are automatically deducted from a customer's account balance at the end of the month. Write a METHOD called findNew Balance () that calculates and returns the account new balance after the application of fees based on the following rules: • Negative and zero balances incur a $50 overdraft fee Balances below the required $500 (but positive) incur a $10 maintenance fee Balances from $500 to $1000 (inclusive) will gain 0.1% interest Balances over $1000 will gain 2% interest a. Write the findNewBaiance method below to compute the new account balance. You may also return on error.
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Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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