Question

Checking account A charges a monthly service fee of $25 and a wire transfer fee of $6.50 each, while checking account B charges a monthly service fee of $16 and a wire transfer fee of $8.50 each. Which checking account is the better deal if 4 wire transfers are made per month?

Answer 1

I'm pretty sure the answer is checking account A. Hope this helps

Answer 2

Account B. This is because if you multiply 8.50 (the fee) by 4 (how many times you are going to use it) then add that product by 16, you get 50 dollars a month. Account A was 51 dollars a month.