Home / Questions / aWhat average return does the account holder earn on the account? What is the average ret
aWhat average return does the account holder earn on the account?
What is the average return if the bank lowers the minimum balance to $400?
What is the average return if the bank pays interest only on the amount in excess of $400? Assume that the minimum required balance is $400.
How much should the bank increase its check fee to the account holder to ensure that the average interest it pays on this account is 5 percent? Assume that the minimum required balance is $750.
Nov 25 2019 View more View Less
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