Banks charge billions of dollars per year in overdraft, insufficient funds, or bounced check fees. As a

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Banks charge billions of dollars per year in overdraft, insufficient funds, or "bounced" check fees. As a group project, survey several local financial institutions to determine their fees and overdraft protection charges. Now try to determine the effective interest rate for each bank on a $100 check that causes an account to be overdrawn for 1 week.

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