Calculating the net costs of checking accounts. 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....

Calculating the net costs of checking accounts. 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 if account falls below minimum balance, average monthly balance
815, account falls below
750 during 4 months