Criterion Monthly fee (if any) Minimum balance to waive the monthly fee Number of transactions per...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Criterion Monthly fee (if any) Minimum balance to waive the monthly fee Number of transactions per month Cost of additional transactions Cost of withdrawing from a non-bank ATM Number of free Interac e- Transfers Cost of additional Interac e- Transfers TD Canada Trust Account N/A Unlimited || No additional fee No additional fee No additional fee No additional fee $29.99 Other Bank's Account Unlimited No additional fee No additional fee No additional fee No additional fee For each of the following case studies: Recommend a specific chequing or savings account from TD or the bank you used in question. Explain which features of the account would help the person in particular. Explain if there are any potential pitfalls this person should be aware of (i.e., limits or restrictions or extra fecs). Martina Martina is looking for a chequing account for her everyday transactions. She is a student and currently has just a part-time job working at a coffeeshop. Ashton $11.95 SO Ashton recently graduated. He uses his debit card to pay for almost everything, typically racking up at least 50 transactions a month. He rarely, if ever, withdraws cash from an ATM. Derek Derek has a healthy amount of savings (about $5000 right now). He uses his debit card about 20 times a month, and he also occasionally withdraws cash from whatever ATM is available. Leanne I Leanne has about $6000 she wants to put into an investment or savings account. She plans on using the money for a vacation in about a year's time, and she will regularly deposit some of her monthly income to help save faster. Criterion Monthly fee (if any) Minimum balance to waive the monthly fee Number of transactions per month Cost of additional transactions Cost of withdrawing from a non-bank ATM Number of free Interac e- Transfers Cost of additional Interac e- Transfers TD Canada Trust Account N/A Unlimited || No additional fee No additional fee No additional fee No additional fee $29.99 Other Bank's Account Unlimited No additional fee No additional fee No additional fee No additional fee For each of the following case studies: Recommend a specific chequing or savings account from TD or the bank you used in question. Explain which features of the account would help the person in particular. Explain if there are any potential pitfalls this person should be aware of (i.e., limits or restrictions or extra fecs). Martina Martina is looking for a chequing account for her everyday transactions. She is a student and currently has just a part-time job working at a coffeeshop. Ashton $11.95 SO Ashton recently graduated. He uses his debit card to pay for almost everything, typically racking up at least 50 transactions a month. He rarely, if ever, withdraws cash from an ATM. Derek Derek has a healthy amount of savings (about $5000 right now). He uses his debit card about 20 times a month, and he also occasionally withdraws cash from whatever ATM is available. Leanne I Leanne has about $6000 she wants to put into an investment or savings account. She plans on using the money for a vacation in about a year's time, and she will regularly deposit some of her monthly income to help save faster.
Expert Answer:
Answer rating: 100% (QA)
The image shows a table comparing the features of a TD Canada Trust account with another banks account as well as a series of case studies in which yo... View the full answer
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
Posted Date:
Students also viewed these accounting questions
-
A friend loans you $300 and asks you to pay them back $325 in 6 months. What annual interest rate are they charging you? Your parents have a collage saving account which earns 7% interest, compounded...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
2) Assume that your widget manufacturing company has a total annual demand of N widgets per year evenly distributed across the year. Each widget cost $b dollars in material and manufacturing costs to...
-
Which product (or products) would you expect to obtain from each of the following reactions? In each part give the mechanism (SN1, SN2, E1, or E2) by which each product is formed and predict the...
-
A biologist and a zoologist at the University of Florida were the first scientists to test the effectiveness of a high-tech handheld device designed to instantly identify the DNA of an animal species...
-
Use Graphs \(X\) and \(Y\) to answer each question. 1. Which graph does not have an Euler circuit? Explain how you know. 2. Find an Euler circuit in the other graph. b f f Graph X Graph Y
-
Eastman Publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is...
-
0 myopenmath.com Chapter 1 Quiz Score: 0/300 1/30 answered Progress saved Submit and End (El 15' 0 Question 7 v B 10 pts '0 1 (D Details Find the domain and range of the function graphed below. 5...
-
1. The following table shows the unit shipping cost between cities, the supply, demand and the destination city. Use the Minimum Cost Method to find the initial solution (or BFS) and then find the...
-
Selected data from Tang Furniture, Inc., follows. (Click the icon to view selected balance sheet data.) Industry averages have been gathered for several ratios. (Click the icon to view the ratios.)...
-
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Share Price # Shares X Y Z X Y Z Jan. 13, 2005 20 40 30 1000 2000 1000 Jan. 14, 2005 25 42 22 18 1000 2000 2000 *2:1 Split on Share Z after...
-
How does advanced computational fluid dynamics (CFD) analysis contribute to the design optimization of complex hydraulic structures such as spillways, weirs, and stormwater management systems,...
-
Find the third - degree Taylor polynomial approximating the function f ( x ) = x ^ ( 3 ) + 9 x ^ ( 2 ) - 1 1 x + 2 about x = 0 . P _ ( 3 ) ( x ) =
-
Offered to purchase a business for 1 8 0 , 0 0 0 in 2 0 2 4 . The business has been showing steady net income growth of 5 % annually for the last several years, the net income was 3 0 , 5 7 5 in 2 0...
-
The company borrowed $2,500,000 at 3% interest for five years. They will make annual installment payments of $500,000 plus accrued interest each year. If they created a balance sheet the day they...
-
Current Attempt in Progress A machine cost $1,450,000 on April 1, 2020. Its estimated salvage value is $149,200 and its expected life is 4 years. (a1) Calculate the depreciation expense by...
-
Graph one period of each function. y = 4 cos x
-
The null and alternate hypotheses are: H0: 1 = 2 H1: 1 2 (a) State the decision rule, (b) Compute the pooled estimate of the population variance, (c) Compute the test statistic, (d) State your...
-
Dotties Tax Service specializes in federal tax returns for professional clients, such as physicians, dentists, accountants, and lawyers. A recent audit by the IRS of the returns she prepared...
-
A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged for service from Hermosa Beach to Los Angeles International Airport is $21 and the standard...
-
Find the weight of the Hamilton cycle \(m ightarrow 0 ightarrow p ightarrow n ightarrow q ightarrow m\) in the given figure. 5 5, m 3 4 n 8 5' P 5 Weighted Complete Graph with Five Vertices
-
Use the graphs to determine if the given sequence of vertices represents a Hamilton path or not. 1. Graph \(A, b ightarrow c ightarrow d ightarrow e ightarrow f\) 2. Graph \(A, b ightarrow e...
-
Use Figure 12.253 to find a Hamilton path between vertices \(C\) and \(E\).
Study smarter with the SolutionInn App