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Dupree Funds is considering the fees charged by two banks. First America charges a flat rate of 0.11 per payment and First Western requires a
Dupree Funds is considering the fees charged by two banks. First America charges a flat rate of 0.11 per payment and First Western requires a balance of 500.000 (that does not pay interest to Dupree foods), plus $.05 per payment. What is the number of payments per year where the cost of the two banks will be equal? Assume Dupree;s cost of funds is 9% please I need to see the caluculations so I can understand how the equations should be set up in future thank you
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