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SpyIntel [72]
3 years ago
10

Laura is an 18-year-old student. She is going to open a checking account with an initial deposit of $100. She plans to then have

a $300 average daily balance each month. The cost of checking accounts at several financial institutions is shown in the table below. Based on the information in the table, which financial institution would be the better choice for Laura when opening a checking account?

Business
2 answers:
joja [24]3 years ago
6 0

Answer:

the answer would be bankright because if u add 300 x 12 that would be 3,600 dollars and since shes 18 and that discount that would be five dollars and the monthly fee is 5 dollars. that would be 60s all together and she would have closest to to the her wanted amount so yeah.

Explanation:

brainliest pls

maw [93]3 years ago
5 0
The reason I didn’t look at it is that it was also the same as I had to get the wrong account because it didn’t have a similar problem so it didn’t have a problem I had it in my phone I had a lot to say about the problem and it didn’t have a lot to say I was just like a problem
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Annual coupon to be paid\bold{= \$1000 \times 3.4\%= \$1000 \times \frac{3.4}{100}  = \$34}

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Calculating the bond price:

= \$1000 \times PVF(5\%, 7\ years) +\$34 \times PVAF(5\%, 7\ years) \\\\= \$1000 \times 0.71068 +\$34 \times 0.17282\\\\= \$710.68 + \$5.87588\\\\= \$716.55588\\\\= \$716.56\\\\

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