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Question
james wants an account with the lowest fees. which checking account would be best for james?monthly feeannual feeonline bill paymentdeposit to opencheck limits$10 or $0 with direct deposit$0free$50unlimited$10$0free$2550 per month$10$0free$100unlimited$10$0 $0.10 per transaction$100unlimited○ account a○ account b○ account c○ account d
Step1: Calculate total cost of Account A
First, sum all applicable fees for Account A.
$\$10 + \$0 + \$0 + \$0 = \$10$
Step2: Calculate total cost of Account B
Sum all applicable fees for Account B, including monthly limit fee.
$\$10 + \$0 + \$0 + \$50 = \$60$
Step3: Calculate total cost of Account C
Sum all applicable fees for Account C.
$\$10 + \$0 + \$0 + \$0 = \$10$
Step4: Calculate total cost of Account D
Sum all applicable fees for Account D, including online bill pay fee.
$\$10 + \$0 + \$20 + \$0 = \$30$
Step5: Compare all total costs
Compare the total costs: $\$10 = \$10 < \$30 < \$60$
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Account A and Account C (both have the lowest total cost of $\$10$)