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(b) Interest earnings of 6 percent with a $500 minimum balance; average monthly balance, $600; monthly service charge of $18 for falling below the minimum
(b) Interest earnings of 6 percent with a $500 minimum balance; average monthly balance, $600; monthly service charge of $18 for falling below the minimum balance, which occurs three times a year (no interest earned in these months). (Do not round intermediate calculations. Input the answer as a positive value. Round your answer to 2 decimal places.) Step by Step Solution
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Essential Personal Finance A Practical Guide For Students
Authors: Lien Luu, Jonquil Lowe, Jason Butler, Tony Byrne
1st Edition
1138692956, 978-1138692954
