Chapter 4 Financial Planning Exercise 5 Calculating the net costs of checking accounts Determine the annual net cost of these checking accounts. A-sign must precede any negative net cost answers. Round your intermediate calculations to two decimal places. Monthly fee $4, check-processing fee of 30 cents, average of 25 checks written per month. Round the answer to the nearest cent. $ b. Annual interest of 4.0% paid if balance exceeds $700, 56 monthly fee if account falls below minimum balance, average monthly balance $775, account falls below $700 during six months, Round the answer to the nearest cent