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What would be the net annual cost of the following checking account? Interest earnings = 5.5%, $400 minimum balance Average monthly balance = $700 Monthly
What would be the net annual cost of the following checking account? Interest earnings = 5.5%, $400 minimum balance Average monthly balance = $700 Monthly service charge = $20 for falling below the minimum balance, which happens two times a year (no interest earned in these months)
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