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.

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.

815*.025*8/12= $13.79
$8.00*4= $32.00
32.00 - 13.79= $18.42 net cost

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.

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.

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. Expert answered|jeifunk|Points 11328|

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