meira has a checking account with a bank that charges a $10 monthly fee. the bank waives the fee if her…

meira has a checking account with a bank that charges a $10 monthly fee. the bank waives the fee if her balance stays above $500 for the entire month. if her balance drops below $500 any time during the month, then she is charged the $10 fee. the bank does not charge any atm fees for using its own atms, but they do charge $4 for using out - of - network atms. they also charge a $45 fee for each overdraft. an overview of meiras banking activity for one month is shown. week 1: meiras balance is $700. she makes one withdrawal for $100 at an out - of - network atm. week 2: meira withdraws $200 from her banks atm. week 3: meiras employer deposits $910 into her checking account. week 4: meira withdraws $10 from an out - of - network atm and pays bills totalling $180. which would cost meira the most money? using an out - of - network atm three times during a month, allowing her account balance to drop below $500, making withdrawals from her banks atm every week during a month, paying a bill that causes her account balance to go below $0

meira has a checking account with a bank that charges a $10 monthly fee. the bank waives the fee if her balance stays above $500 for the entire month. if her balance drops below $500 any time during the month, then she is charged the $10 fee. the bank does not charge any atm fees for using its own atms, but they do charge $4 for using out - of - network atms. they also charge a $45 fee for each overdraft. an overview of meiras banking activity for one month is shown. week 1: meiras balance is $700. she makes one withdrawal for $100 at an out - of - network atm. week 2: meira withdraws $200 from her banks atm. week 3: meiras employer deposits $910 into her checking account. week 4: meira withdraws $10 from an out - of - network atm and pays bills totalling $180. which would cost meira the most money? using an out - of - network atm three times during a month, allowing her account balance to drop below $500, making withdrawals from her banks atm every week during a month, paying a bill that causes her account balance to go below $0

Answer

Explanation:

Step1: Analyze each option's fee - generating situations

Option 1: Using an out - of - network ATM three times during a month

The bank charges $4 for using out - of - network ATMs and there are 3 such transactions. So the fee is $4\times3 = 12$.

Option 2: Allowing her account balance to drop below $500

If the balance drops below $500, she is charged a $10 fee for the entire month.

Option 3: Paying a bill that causes her account balance to go below $0

This is an overdraft situation. The bank charges a $15 fee for each overdraft. An overdraft occurs when the balance goes below $0.

Option 4: Making withdrawals from her bank's ATM every week during a month

There is no mention of a fee for using her bank's ATM, so the fee is $0$.

Step2: Compare the fees

We have fees of $12$ (Option 1), $10$ (Option 2), $15$ (Option 3), and $0$ (Option 4).

Answer:

Paying a bill that causes her account balance to go below $0$ costs the most money as it results in a $15$ - dollar overdraft fee, while the other non - zero fees are lower. So the answer is paying a bill that causes her account balance to go below $0$.