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Check Writing Fees. Randy, a student, has $630 to deposit in a new chequing account, but Randy knows he will not be able to maintain

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Check Writing Fees. Randy, a student, has $630 to deposit in a new chequing account, but Randy knows he will not be able to maintain a minimum balance. He will not use an ATM card, but will write a large number of cheques. Randy is trying to choose between the unlimited check writing offered by South Trust and the low per-check fee offered by Sun Coast. How many checks would Randy have to write each month for the account at South Trust to be the better option? (Hint Use the table, to determine the best bank for Randy.) For the account at South Trust Bank to be the better option, the number of checks Randy would need to write each month is (Round to the nearest whole number) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) South Trust Bank Sun Coast Bank ATM charges: Home bank Other bank Checking: Free $1.32 per use Free $1.32 per use Minimum deposit $1 $1 Minimum balance required $500 N/A to avoid fees* Monthly fees $16.00 $4.00 Check-writing charges Unlimited Each cheque 50 cents * N/A means monthly fees apply irrespective of account balances

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