Sienna is Looking for a new bank for her business. Last year she wrote 30 checks a month and had only three debit transactions per month. For the rst six months your average daily balance is expected be well above 5,000, BUT for the rest of the year (the last six months), due 0 increasing inventory for summer and winter surges, your daily balance will most likely drop below $5,000 The following are the different fees and requirements for the four different banks she is considering opening an account at: NOTE: YOU MUST SHOW YOUR WORK FOR FULL CREDIT! Bank Monthly Fees and Conditions $15.00 with $5,000 min. daily balance Intercontinental Bank 0 >or- o $25.00 under $5,000 min. daily balance $4.50 plus $0.50 per check over ten checks monthly City National Bank 0 $1.00 per debit transaction $6 plus $0.25 per check Bank of America 0 $2.00 per debit transaction $9 plus $0.15 per check First Union Bank 0 $1.50 per debit transaction 1. Calculate the cost of having a checking account at each bank for one year. (note rst calculate the monthly fee then multiply by 12) A.|ntercont'inental Bank: B.City National Bank: C.Bank of America: D.First Union Bank: 2. Which bank should Sienna choose for her checking account