A UCF graduate writes 22 checks per month and pays $0.25 per check. The bank pays the graduate 1% interest per annum, and he/she maintains an average monthly balance of $600. What is the graduate's net annual cost of maintaining the checking account after giving effect to the interest earned (ignore taxes)? a. $ (30.50) net benefit b. $ 66.00 net cost c. $ 54.00 net cost d. $ 60.00 net cost