CALCU LATIN G TH E N E T CO STS O F CH E C IN G
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CALCU LATIN G TH E N E T CO STS O F CH E C IN G ACCOUN TS. Determine the annual net cost of these checking accounts:
a. Monthly fee $4, check-processing fee of 20 cents, average of 23 checks written per month
b. Annual interest of 1.5 percent 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? lo1
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
PFIN
ISBN: 9781337117005,9781337516693
6th Edition
Authors: Randall Billingsley , Lawrence J. Gitman, Michael D. Joehnk
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