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Crank
3 years ago
5

Which combination of interest rates and fees are the better deal assuming you have an account with an average balance of $500? (

Hint: Calculate which account would have higher balance in a year)" O An account with 10% annual interest rate and $5/month in fees O An account with 2% annual interest rate and no fees O An account with 5% annual interest rate and $3/month in fees o An account with 20% annual interest rate and a $25 fee every time your account drops below $2000​
Mathematics
1 answer:
horrorfan [7]3 years ago
3 0

9514 1404 393

Answer:

  An account with 2% annual interest rate and no fees

Step-by-step explanation:

The lowest fee is also associated with the lowest interest rate, so that is the account that is the best deal:

  An account with 2% annual interest rate and no fees   (2nd choice)

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