Net annual cost

What would be the net annual cost of the following checking accounts? a. Monthly fee, $3.50; processing fee, 50 cents per check; checks written, an average of 15 a month. B. Interest earnings of 2 percent with a $500 minimum balance; average monthly balance, $900; monthly service charge of $14 for falling below the minimum balance, which occurs five times a year ( no interest earned in these months).

“Struggling with a similar assignment?”

Place an order below and we’ll get it done within the deadline selected.

Custom Papers

We will write a custom paper for you

Free title page

Free reference page

Free formatting

Unlimited revisons