eBook Chapter 4 Financial Planning Exercise 5 Calculating the net costs of checking accounts 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. Monthly fee $6, check-processing fee of 30 cents, average of 21 checks written per month. Round the answer to the nearest cent. $ Annual interest of 3.0 percent paid if balance exceeds $700, $7 monthly fee if account falls below minimum balance, average monthly balance $750, account falls below $700 during 5 months. Round the answer to the nearest cent. $

Chapter 4 inancial Planning Exercise 5 Calculating the net costs of checking accounts 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. a. Monthly fee $6, check-processing fee of 30 cents, average of 21 checks written per month. Round the answer to the nearest cent. $ $