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FrozenT [24]
3 years ago
13

Jamal opened a money market account with $1,000 because he was attracted to its 2.02% APY. At first, he was using it only to sav

e money. But lately he has been using it to pay bills and to withdraw spending money. He noticed that a $15 "excessive transaction fee" had been charged on his seventh withdrawal this month. How much interest will Jamal's original $1,000 earn if he keeps at least that much in his account for one year? Jamal was charged $15 because . What impact does this charge have on Jamal's savings? How could Jamal solve this problem?
English
2 answers:
finlep [7]3 years ago
6 0

Answer:

$20.20

he made too many withdrawals in one month

it erases most of the earnings on his initial deposit

by limiting the withdrawals to the maximum

Explanation:

i got em right

grin007 [14]3 years ago
4 0

Answer:

$20.20----he made too many withdrawals in one month----it erases most of the earnings on his initial deposit---- by limiting withdrawals to the maximum

Explanation:

EDG 2021

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