Problem 5-10 Comparing Costs of Checking Accounts [LO5-5] What would be the net annual cost of the following checking accounts? (a) Monthly fee, $3.85; processing fee, $0.30 cents per check; checks written, an average of 20 a month, (Do not round intermediate calculations. Input the answer as a positive value. Round your answer to 2 decimal places.) Not annial cost (b) Interest earnings of 7 percent with a $500 minimum balance; average monthly balance, $600; monthly service charge of $15 for faling below the minimum balance, which occurs three times a year (no interest earned in these months) (Do not round intermediate calculations. Input the answer as a positive value. Round your answer to 2 decimal places.)