Bank Account Terms and Conditions Minim um Balance Interest Overdraft Protection ATM Fees Monthly Fee A $500 0.1% yes $0 for all ATMs $0 B $250 0% no $0 for ABC bank ATMs $5 C $50 0% no $2 per transaction $10 or $0 with direct deposit D $100 0.1% no $0 per transaction $5 or $0 with direct deposit
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Jill has not been able to maintain the $\$ 1,000$ minimum balance required to avoid fees on her checking account. She wants to switch to a different account with a fee of $\$ 0.20$ per check and a $\$ 12.50$ monthly maintenance fill wants to estimate the fees for her new account. Below is a summary of the checks she has written from May to August. $$\begin{array}{|c|c|}\hline & {\text { Number of }} {\text { Checks on }}\\ \text { Month } & {\text { Statement }} \\ \hline\text { May } & {14} \\ \hline \text { June } & {19} \\ \hline {\text { July }} & {23} \\ \hline{\text { August }} & {24} \\ \hline\end{array}$$ a. What is the mean number of checks Jill wrote per month during the last four months? b. Based on the mean, estimate how much Jill expects to pay in per-check fees each month after she switches to the new account. c. Estimate the total monthly fees Jill will pay each month for the new checking account.
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Carlos is looking to open an account at a bank but wants to avoid as many fees as possible. Which option would not help minimize fees paid to a bank? A. Checking with the bank to know what fees it has so he can avoid them B. Only using his bank's ATMs to avoid ATM fees C. Avoiding the use of a check register D. Comparing various banks' fees and services
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A bank offers two checking account plans. Plan A has a base service charge of 4.00 dollar per month plus 10¢ per check. Plan B charges a base service charge of $2.00 per month plus 15¢ per check. a. Write models for the total monthly costs for each plan if x checks are written. b. Use a graphing utility to graph the models in the same [0, 50, 10] by [0, 10, 1] viewing rectangle. c. Use the graphs (and the intersection feature) to determine for what number of checks per month plan A will be better than plan B. d. Verify the result of part (c) algebraically by solving an inequality.
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