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Dela Homework: Homework 7 Question 4, P15-16 (similar to HW Score: 0%, 0 of 8 points O Point: 0 of 1 Save Zero-balance account

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Dela Homework: Homework 7 Question 4, P15-16 (similar to HW Score: 0%, 0 of 8 points O Point: 0 of 1 Save Zero-balance account Union Company is considering establishment of a zero-balance account. The firm ouently maintain an average balance of $420,000 in detunement account As compensation to the bank for mining the zero-balance account, the firm will have to pay a monthly fee of $1,000 and maintain a $295.000 non interest eaming post the bark. The fe uently has no other depeats in the bark Evaluate the proposed blancs account and make a recommendation to the fem, assuming that has an opportunity cost of 12.9% The curent opportunity cost is (Round to t nearest dollar)

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