Critical Thinking Case 1 Lian Chen's Savings and Banking Plans market deposit account with a balance of $4,250. She tries to make regular monthly deposits of $50$100 into her money market account but has done so only about every other month. Of the many checking accounts Lian's bank offers, here are the three that best suit her needs. - Regular checking, per-item plan: Service charge of $2 per month plus 30 cents per check. $750. - Interest checking: Monthly service charge of $6; interest of 3%, compounded daily (refer to Exhibit 4.8 ). With a minimum balance of $1,500, the monthly charge is waived. Lian's bank also offers CDs for a minimum deposit of $500; the current annual interest rates are 3.5% for 6 months, 3.75% for 1 year, and 4% for 2 years. 1. Calculate the annual cost of each of the three accounts, assuming that Lian's banking habits remain the same. Round the answers to the nearest cent. Do not round your intermediate calculations