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John has a savings account at First Wolverine Bank that pays him 3 . 7 5 % interest annually on his deposits. John has $
John has a savings account at First Wolverine Bank that pays him interest annually on his deposits. John has $ per week in expenses mostly for cold beer and insists on paying cash for everything. Every time John takes money out of the ATM his bank charges him a $ in fixed fees.
How often will John have to visit the ATM in a year to minimize the fixed bank charges and loss of earnings on his money?
A little over times
A little over times
A little over times
A little over times
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