Algebra
posted by Tricia .
I am not sure how to solve this problem. Could someone please help and explain the proper steps.
Annual interest of 2.5% paid if the balance exceeds $750, $8 monthly fee if the account falls below minimum balance $815, account falls below $750 during 4 months.

Sorry I was supposed to determine the annual net cost.
Respond to this Question
Similar Questions

College Personal Finance
Annual interest of 6.0% paid if balance exceeds $900, $12 monthly fee if account falls below minimum balance, average monthly balance $1,135, account falls below $900 during 2 months. Round the answer to the nearest cent. 
Algebra
I am not sure how to solve this problem. Could someone please help and explain the proper steps. Determine the annual net cost if the Annual interest of 2.5% is paid if the balance exceeds $750, $8 monthly fee if the account falls … 
Finance
Determine the annual net cost of this checking account? 
Accounting
Annual interest of 5% paid if balance exceeds 800, $7 monthly fee if account falls below minimum balance, average monthly balance $1,160, account falls below $800 during 5 months. What is the annual net cost of this checking account? 
Computer Programming using python
Write a program to calculate the credit card balance after one year if a person only pays the minimum monthly payment required by the credit card company each month. The following variables contain values as described below: balance … 
Computer Programming using python
Write a program to calculate the credit card balance after one year if a person only pays the minimum monthly payment required by the credit card company each month. The following variables contain values as described below: balance … 
Computer Programming using python
Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead … 
math
Determine the annual net cost of these checking accounts: a. Monthly fee $ 4, check processing fee of 20 cents, average of 23 checks written per month b. Annual interest of 2.5 percent paid if balance exceeds $ 750, $ 8 monthly fee … 
Finance
If your bank pays an annual interest rate of 1.5% of balance exceeds $750 and it averages $815 but it falls below $750 for 4 months do you get the other 8 months interest or you get none because of the 4 months it fell below? 
Finance
annual net cost Monthly fee $4, check processing fee of 20 cents, average 23 checks written per month. annual interest of 1.5 percent paid if balance exceeds $750, $8 monthly fee if account falls below minimum balance, average monthly …