What would the net annual cost of the checking account be

Assignment Help Finance Basics
Reference no: EM13663931

Interest earnings of 12% with a $340.00 minimum balance; average monthly balance, $460.00; monthly service charge of $35.00 for falling below the minimum balance, which occurs 5 times a year (no interest earned in these months). What would the net annual cost of the checking account be?

Reference no: EM13663931

Questions Cloud

The company payout ratio will remain constant : The company's payout ratio will remain constant at 50%.
What is the market value : What is the market value
Berkeley psychology professor geoffrey keppel : Berkeley psychology professor Geoffrey Keppel
Risk averse investors and more aggressive investors : Risk averse investors and more aggressive investors
What would the net annual cost of the checking account be : What would the net annual cost of the checking account be?
What is the best option for ben from a strictly financial : What is the best option for Ben from a strictly FINANCIAL standpoint?
The relationship between federal deficits and interest rates : The relationship between federal deficits and interest rates
Period cash flow : Period Cash flow
Gross domestic product : Gross Domestic Product

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd