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Dupree Funds Is Considering the Fees Charges by Two Banks

question 6

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Dupree Funds is considering the fees charges by two banks. First America charges a flat rate of $0.11 per payment, and First Western requires a minimum compensating balance of $500,000, plus $0.05 per payment. What is the number of payments per year where the costs of the two banks will be equal? Assume Dupree's costs of funds is 9%.


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A legal wrong that arises from a breach of the duty to respect another's privacy, allowing the injured party to bring a lawsuit against the invader.

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Financial compensation awarded to a plaintiff beyond what is necessary to compensate for losses, intended to punish the defendant for egregious conduct.

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