Interest earnings of 2 percent with a 500 minimum balance


Interest earnings of 2 percent with a $500 minimum balance; average monthly balance, $900; monthly service charge of $14 for falling below the minimum balance, which occurs five times a year (no interest earned in these months). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Interest earnings of 2 percent with a 500 minimum balance
Reference No:- TGS02858885

Expected delivery within 24 Hours