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Help Save & Exit Submi Check my work Problem 5-10 Comparing Costs of Checking Accounts...

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Accounting

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Help Save & Exit Submi Check my work Problem 5-10 Comparing Costs of Checking Accounts [LO5-5) What would be the net annual cost of the following checking accounts? (a) Monthly fee, $3.75: processing fee. $0.25 per check: checks written, an average of 22 a month. (Do not round intermediate calculations. Input the answer as a positive value.) Net annual cost (b) Interest earnings of 6 percent with a $500 minimum balance, average monthly balance. $600 monthly service charge of $15 for falling below the minimum balance, which occurs three times a year (no interest eared in these months). (Do not round intermediate calculations. Input the answer as a positive value.) Not annual cost The And

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