A bank estimates that their average balance on demand deposit accounts is $2,000 net float. Each account costs the bank $150 per year in processing costs. The bank collects an average of $7.50 per month on each account in service charges. Assume reserve requirements are 10% If the bank can invest the deposit balance (After adjusting for reserve requirements) at 5%, what is the break-even deposit balance?

$1,000

$2,333

$1,667

$2,000

$1,333