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Comparing Financial Institutions Assignment

You may choose to complete your mathematical calculations by hand and scan or take images to upload to the dropbox. To help your teacher review your work, please try to submit your calculations as a single file document (preferably as a pdf). If you arent sure how to do this, please contact your teacher for assistance.

Important

When answering questions in a mathematics course always be sure to use the following guidelines to help you do your best:

• Provide full solutions, showing all of your steps.
  
• Make sure that there is one step or idea per line.
  
• Use one equal sign per line.
  
• Make sure that equal signs line up vertically.
  
• Dont use self-developed short form notations.
  

RBC Account ChartBlank Account Chart

1. You are going to compare the different accounts offered by a financial institution. Download the completed chart comparing RBC accounts to use as a guide. Download the blank chart and fill it in for another bank (e.g., TD, BMO, etc.). Research two different accounts for your choice of bank (two chequing accounts). (20 marks)
   
   
2. Comparing the accounts offered by the bank you investigated, which account would best suit:
   1. A college student with a minimum balance? Support your choice with a minimum of two reasons. (5 marks)
   2. A person who is married, employed and has three children. With payroll deposits, online banking, bills to pay etc. Support your choice with a minimum of two reasons. (5 marks)

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