Asked by Tricia
I am not sure how to solve this problem. Could someone please help and explain the proper steps.
Annual interest of 2.5% paid if the balance exceeds $750, $8 monthly fee if the account falls below minimum balance $815, account falls below $750 during 4 months.
Annual interest of 2.5% paid if the balance exceeds $750, $8 monthly fee if the account falls below minimum balance $815, account falls below $750 during 4 months.
Answers
Answered by
Tricia
Sorry I was supposed to determine the annual net cost.
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