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Suppose that your weekly cash expenses are $110. Every time you with- draw money from the automated teller at your bank, you are charged $0.35.
Suppose that your weekly cash expenses are $110. Every time you with- draw money from the automated teller at your bank, you are charged $0.35. Your bank account pays interest of 6 percent annually. What is the optimal-sized cash withdrawal (initial cash balance)? (Hint: use 2 decimals for your calculations.) 8 A. $105.86. B. $258.32. C. $310.92. D. $225.25. E. None of the above
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