1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xeze [42]
3 years ago
5

Bill wants to open a checking account to pay bills from and a savings account to cover overdrafts and other emergencies. He want

s online services, and a debit card. He analyzes the following statements of fees from State Bank and Common. Based upon past experience, Bill expects to accidentally overdraft the account 2 times per year, unfortunately, due to unexpected charges and miscommunications. He expects no 2nd copies of statements, and to use network ATMs 4 times per month with State Bank (due to less in-network ATMs being available), or 2 times per month with Common Bank. He has $2500 to deposit to an emergency savings account for overdraft protection, and thinks that the balance will be enough to cover most all overdrafts in the future if automatic transfers are made when needed. Based on the tables of fees, which bank is expected to cost the least amount in fees per year? a. State Bank is expected to cost the least. b. Common Bank is expected to cost the least. c. State Bank and Common Bank would have the same costs for Bill. d. The fees cannot be estimated in advance. \
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
4 0
The correct option is A.
Based on the table of fees, all the banking activities that Bill want to execute will cost more in the common bank compare with the state bank, which has a lower add up charges.
You might be interested in
Please help me!<br><br> write a paragraph on why you'd want to become a police officer
k0ka [10]

Make a list of reasons

Example: to serve and protect                

                to fight crime

                to help others

                to uphold local, state, and federal laws

                to set an example for children

               to do proactive crime prevention


3 0
3 years ago
The tax you pay when making a profit from selling a house is an eaxmple of :
Alex_Xolod [135]
The capital gains tax apply when you sell your main home.
3 0
3 years ago
Which bond portfolio with a 20-year life would be expected to give the highest long-term return?
lana [24]

with an expected rate of return of 10% and a default risk of 20% over the portfolio life  with an expected rate of return of 10% and a default risk of 20% over the portfolio life

<h3>What is rate of return?</h3>

A return in finance is a profit on an investment. It includes any change in the investment's value and/or cash flows received by the investor, such as interest payments, coupons, cash dividends, stock dividends, or the payoff from a derivative or structured product.

The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are anticipating that the value of your investment will rise by 10% each year.

Assume an investor paid $950 for a short-term bond, such as a US Treasury Bill, and redeemed it at maturity for its face value of $1000.

To know more about rate of return follow the link:

brainly.com/question/24301559

#SPJ4

8 0
1 year ago
Sam agrees to buy and Meranda agrees to sell 1000 lbs of bananas actually worth $5000, but they have not agreed on the price yet
Nookie1986 [14]

a. There is a contract for the sale of the bananas because UCC allows to keep certain terms open while contracting, which includes price. If the parties are not clear on the price or the price is to be set over time, the parties can fill the term later under UCC. Hence the agreement between Sam and Meranda for the sale of bananas constitutes a valid contract. If the parties are unable to determine the price, court will determine a reasonable price based on the fair market value or the intention of the parties while making the contract and by using the most reasonable method as per the business practices. Here 1000 lbs of bananas actually worth $5000. Hence the court may decide the price to be $5000 or determine the price by analyzing the intention of the parties while making the contract.

b. If the agreement was to repair several air conditioners in an apartment building, it does not come under UCC because UCC governs only contracts for sale of goods. Service contracts are governed by common law of contracts and price is necessary to form a valid contract. Hence the court will rule the contract as invalid and would not enforce the contract.

5 0
3 years ago
Morgan Jennings, a geography professor, invests $95,000 in a parcel of land that is expected to increase in value by 14 percent
bonufazy [111]

Answer:

The annuity will be $40916.60

Explanation:

Future value of land = Present value of land*(1 + rate)^n

Annuity = Future value of land*rate/(1 - 1/(1 + rate)^t)

             = $95,000*1.14^8*14%/(1 - 1/1.14^20)

             = $40916.55871562

Therefore, The annuity will be $40916.60

5 0
3 years ago
Other questions:
  • PLEASE HELP ME
    12·1 answer
  • How can residential interior and architectural design contribute towards housing evolution(s)?
    15·1 answer
  • What functions would it be most important for a project management software program to have?
    5·1 answer
  • Mainline Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because
    7·1 answer
  • According to the US Department of Labor, the average Amencan has had how many jobs before the age of 32?
    6·1 answer
  • Cullumber Corporation purchased a machine on January 2, 2020, for $4100000. The machine has an estimated 5-year life with no sal
    14·2 answers
  • Please can u explain 5 types of ledgers​
    11·2 answers
  • Which will you likely have to provide on college applications?
    15·1 answer
  • On December 31, 20X5, Day Co. leased a new machine from Parr with the following pertinent information: Lease term 6 years Annual
    7·1 answer
  • An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!