From an analysis on its deposits, a bank determines that account processing and other operating expenses cost the bank $4.15 per month. It has also determined that non-operating expenses on its deposits are $1.65 per month. The bank wants to have a profit margin which is 10 percent of monthly costs. What monthly fee should the bank charge on its deposit accounts?

Multiple Choice

• $6.38 per month

• $5.80 per month

• $4.57 per month

• $4.15 per month

• None of the options is correct