Question your bank offers you free checking if you maintain, Ask an Expert

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Question: Your bank offers you "free checking" if you maintain and average balance of $7693 in your checking account. Your checking account pays no interest. If your savings account earns 9.6% APR, compounded monthly, how much (in dollar terms) does the free checking really cost you on a yearly basis?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92780076

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