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A bank that provides overdraft protection charges 1 1 percent for each $ 1 0 0 ( or portion of $ 1 0 0 )
A bank that provides overdraft protection charges percent for each $or portion of $ borrowed when an overdraft occurs.
a What amount of interest would the customer pay for a $ overdraft? Assume the interest is for the full amount borrowed for a
whole year.
b How much would be saved by using the overdraft protection loan if a customer has three overdraft charges of $ each during the
year?
Answer is complete but not entirely correct.
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