annual interest of 5 paid if balance exceeds 800


Annual interest of 5% paid if balance exceeds 800, $7 monthly fee if account falls below minimum balance, average monthly balance $1,160, account falls below $800 during 5 months. What is the annual net cost of this checking account? #question..

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Accounting Basics: annual interest of 5 paid if balance exceeds 800
Reference No:- TGS0422903

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