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Determine the annual net cost of this checking account. Annual interest of 2.5% paid if balance exceeds $800, $7 monthly fee if account falls below

Determine the annual net cost of this checking account. Annual interest of 2.5% paid if balance exceeds $800, $7 monthly fee if account falls below minimum balance, average monthly balance $850, account falls below $800 during 5 months. Round the answer to the nearest cent.

A "-" sign must precede any negative net cost answers. Round your intermediate calculations to two decimal places.

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