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Q: Determine the annual net cost of these checking accounts: a. Monthly fee of \$5, check-processing fee of 25 cents, average of 19 checks written per month. b. Annual interest of 2.5% 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.
A: 815*.025*8/12= \$13.79 \$8.00*4= \$32.00 32.00 - 13.79= \$18.42 net cost
Original conversation
User: Determine the annual net cost of these checking accounts: a. Monthly fee of \$5, check-processing fee of 25 cents, average of 19 checks written per month. b. Annual interest of 2.5% 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.

Weegy: 815*.025*8/12= \$13.79 \$8.00*4= \$32.00 32.00 - 13.79= \$18.42 net cost
frmny2ns|Points 10|

User: Determine the annual net cost of this checking account:

User: Determine the annual net cost of this checking account: Monthly fee of \$5, check processing fee of 25 cents, average of 19 checks written per month.

User: If you put \$4,000 in a savings account that pays interest at the rate of 4%, compounded annually, how much will you have in 5 years?

Weegy: You will have \$4,867.

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