Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

of the following banking scenarios with the most appropriate account option. s an ATM four times a week to Option 1: $11.25 per month for

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

of the following banking scenarios with the most appropriate account option. s an ATM four times a week to Option 1: $11.25 per month for the first 10 Her rent, hydro, phone bill, and transactions, plus $1.25 for each e automatically deducted from her additional transaction onth. akes one weekly cash withdrawal natic bill payments each month. Option 2: $16.75 per month for the first 15 transactions, plus 85C for each additional transaction Option 3: $21.50 per month for an unlimited number of transactions pt carry cash. She uses her debit everything. 3. George plans to invest 50% of his tax return in a daily interest savings account (i is compounded daily) that pays 2.4% per year. This year, Mohan's tax return is $ How much will his investment be worth at the end of 5 years? Recall: A = P (1 + 4. Mathieu and his twin sister Lizette are each given $3000 for their 16th birthday. to invest the money until their 19th birthday. Mathieu invests in a daily interest s pays 1.8% per year. Lizette invests in a plan that pays 2.4% per year, compounde Which twin's investment will be worth more on their 19th birthday? How much n -ges th for ns, Month Number of Transactions Monthly Service Charge January 18 18 transactions - 10 free = 8 paid So... 0.85 x 8 = $6.80 .. $4.95 + $6.80 = $11.75 zon. Le ions February 8 March 14 nths. 1 emy April 21 Normal No Spac. Heading 1 Heading 2 Title Styles Month Number of Transactions Monthly Service Charge January 18 Paragraph 1. Jeremy's bank charges him $4.95 per month for up to 10 transactions, plus 85 for each additional transaction The table shows the number of transactions Jeremy made each month for four months. Deterinine the total service charge Jeremy paid each month 18 transactions - 10 free = 8 paid So. 0.85 x 8 = $6.80 $1.95 + $6.80 = $11.75 February 8 March 14 April 21 2. MATCH each of the following banking scenarios with the mo appropriate account option A) Pat typically uses an ATM four times a week to Option 1: $11.25 per month for the first 10 withdraw cash. Her rent, hydro, phone bill, and transactions, plus $1.25 for each car payment are automatically deducted from her 2. MATCH each of the following banking scenarios with the most appropriate account option A) Pat typically uses an ATM four times a week to Option 1: $11.25 per month for the first 10 withdraw cash. Her rent, hydro, phone bill, and transactions, plus $125 for each car payment are automatically deducted from her additional transaction account each month B) Abbas usually makes one weekly cash withdrawal and eight automatic bill payments each month Option 2: $16.75 per month for the first 15 transactions, plus 850 for each additional transaction Option 3: $21.50 per month for an unlimited number of transactions C) Heather does not carry cash She uses her debit card to pay for everything. 3. George plans to invest 50% of his tax return in a daily interest savings account interest is compounded daily) that pays 2.4% per year. This year, Mohan's tax return is $1500. How much will his investment be worth at the end of 5 years? Recall: A = P(1 + i)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Unofficial Guide To Medical Research Audit And Teaching

Authors: Ceen-Ming Tang BA BM BCh MRCGP, Colin Fischbacher, Zeshan Qureshi BM BSc MSc MRCPCH FAcadMEd MRCPS

1st Edition

0957149980, 978-0957149984

More Books

Students also viewed these Accounting questions

Question

Are there any questions that you want to ask?

Answered: 1 week ago