Determine the annual net cost of these checking accounts. A "-" sign must precede any negative net cost answers. Round your intermediate calculations to two decimal places.

1. Monthly fee $5, check-processing fee of 20 cents, average of 11 checks written per month. Round the answer to the nearest cent. $
2. Annual interest of 2.5% paid if balance exceeds $600, $8 monthly fee if account falls below minimum balance, average monthly balance $695, account falls below $600 during 4 months. Round the answer to the nearest cent. $