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Use the following information to answer the question.A current deposit account requires a minimum balance of $500 if annual interest of 5% is to be earned monthly on its deposits.An account holder has maintained an average balance of $300 for the first nine months of the year and $800 for the last three months of the year.She has written an average of 20 cheques a month and is not charged for these services.However, it costs the bank $0.02 to process each cheque.The bank would like to limit the average return (both explicit and implicit) earned by the account holder to 5% per year.How much should it charge for processing each check to this account holder assuming that it will pay annual interest of 5% and minimum balances of $200 are maintained?
Emotionally Gripping
Describes a situation or narrative that captures and holds the audience's emotional attention intensely.
Plot
The sequence of events or main storyline in a narrative, including the conflict, climax, and resolution.
Bone Density
The measurement of the amount of mineral matter per square centimeter of bones, used as an indicator of strength and risk for osteoporosis.
Deep Sleep Disorders
A category of sleep disorders that affect the ability to achieve or maintain deep, restorative sleep stages.
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