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what is the net annual cost (b) Interest earnings of 4 percent...

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Finance

what is the net annual cost image
(b) Interest earnings of 4 percent with a $500 minimum balance; average monthly balance, $800; monthly service charge of $15 for falling below the minimum balance, which occurs three times a year (no interest earned in these months). (Do not round intermediate calculations. Input the answer as a positive value. Round your answer to 2 decimal places.)

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