Suppose that your weekly cash expenses are $100. Every time you withdraw money from the...
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Finance
Suppose that your weekly cash expenses are $100. Every time you withdraw money from the automated teller at your bank, you are charged $015. Your bank account pays Interest of 1% annually a. How often should you withdraw funds from the bank? (Round your answer to 2 decimal places.) You should go to the bank about once every weekto) b. What is the optimal-sized withdrawal? (Round your answer to the nearest whole dollar) Optimal-sized withdrawal c. What is your average amount of cash on hand? (Round your answer to the nearest whole dollar) Nverage amount of cash on hand
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