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What would be the net annual cost of the following checking accounts? a . Monthly fee, $ 4 . 5 0 ; processing fee, 2

What would be the net annual cost of the following checking accounts?
a. Monthly fee, $4.50; processing fee, 25 cents per check; checks written, an average of 17 a month. (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)
b. Interest earnings of 3 percent with a $550 minimum balance; average monthly balance, $800; monthly service charge of $15 for falling below the minimum balance, which occurs three times a year (no interest earned in these months).(Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)

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