Question: An FI offers a $ 2 5 0 0 minimum balance investment savings account paying 4 per cent annual interest, and there are no service
An FI offers a $ minimum balance investment savings account paying per cent annual interest, and there are no service charges as long as the customer maintains the minimum balance. The customer maintains a balance of $ and averages cheques per year. Each cheque has a processing cost to the FI of $ What is the annual gross interest return on this account to the customer?A $B $C $D $
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