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FIN 1103 – Determine the annual net cost of these checking accounts

Author:
January 1st, 2018

Determine the annual net cost of these checking accounts:a.Monthly fee $4, check-processing fee of 20 cents, average of 23 checks written per monthb.Annual interest of 1.5 percent paid if balance exceeds $750, $8 monthly fee if account falls below minimum balance, average monthly balance $815, account falls below $750 during four months

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