Finance

Caluating opportunity cost. what is the annual opportunity cost of a checking account that requires a $500 minimum balance to avoid service charges? Assume an interest rate of 3 percent

  1. 👍
  2. 👎
  3. 👁
  1. 15.00

    1. 👍
    2. 👎
  2. what is the opportunity cost or a checking account that requires a $350.00 minimum balance to avoid service fees assume a interest rate of 3 percent

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Finance

    Determine the annual net cost of this checking account? Annual interest of 2.5% paid if balance exceeds $750, $8 monthly fee if account falls below minimum balance, average balance $815, account falls below $750 during 4 months.

  2. Economics

    Andrew quits his job as an accountant where he earns $60,000 per year to go back to school for two years to get an MBA degree. He attends a school that charges $25,000 per year for tuition and related expenses. How much is the

  3. civics

    Which of the following forces us to make choices? a) scarcity b) trade offs c) opportunity cost d) money

  4. Macro economics

    5. The problem of determining what goods and services society should produce: A.exists because we can produce more than we need or want. B.exists because there are not enough resources to provide all the goods and services that

  1. economics

    Question.1 Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an

  2. union county

    What is the annual opportunity cost of a checking account that requires a $260 minimum balance to avoid service charges? Assume an interest rate of 2.5 percent.

  3. social studies

    How does opportunity cost affect people's wants and needs? A. It changes the supply and demand of goods. B. It requires them to make a choice. C. It requires them to be producers and consumers. D. Opportunity cost does not impact

  4. microeconomic first principals

    the best measure of the opportunity cost of any choice is: the monetary cost of that choice. whatever you have given up to give that choice,even if no monetary costs are involved. the cost associated with not taking full advantage

  1. Macroeconomics

    . Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.

  2. General Economics

    • Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low

  3. Business finance

    Question No 1: If two projects are _______________, the fact that they have unequal lives will not affect the analysis. a)Mutually exclusive b)Dependent c)Independent d)Correlated Question No 2: Mr. A, as a financial consultant,

  4. economics- opportunity cost

    how does opportunity cost vary? why does opportunity cost vary? for why i put: Opportunity cost is different for every individual. It varies depending on the choice you make. i'm not sure about "how" it varies though.

You can view more similar questions or ask a new question.