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You have $2,300 in a savings account, and your checking account requires a minimum balance of $800. You are earning 3% on your savings account.

You have $2,300 in a savings account, and your checking account requires a minimum balance of $800. You are earning 3% on your savings account. If you go below your minimum balance of $800 on your checking account, a maintenance fee of $7 is incurred. What is the difference between the interest you earn on your savings account and the fee you pay on your checking account each month if you drop below your minimum?

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