pioneer digital bank\nmonthly maintenance fee: $0\natm fee: $2 for out - of - network atms; no fee for in…

pioneer digital bank\nmonthly maintenance fee: $0\natm fee: $2 for out - of - network atms; no fee for in - network atms\noverdraft fee: $30 per occurrence\nminimum balance fee: $0\nwire transfer fee: $30 for domestic, $50 for international\nsavings account interest rate: 0.5% annual percentage yield (apy)\nspecial feature: offers a free safe deposit box for accounts with balances over $2,000\na pioneer digital bank customer uses an out - of - network atm twice, makes one international wire transfer, and maintains a balance of $200. they also make one overdraft. what are their total fees for the month?\n$22\n$42\n$40\n$20

pioneer digital bank\nmonthly maintenance fee: $0\natm fee: $2 for out - of - network atms; no fee for in - network atms\noverdraft fee: $30 per occurrence\nminimum balance fee: $0\nwire transfer fee: $30 for domestic, $50 for international\nsavings account interest rate: 0.5% annual percentage yield (apy)\nspecial feature: offers a free safe deposit box for accounts with balances over $2,000\na pioneer digital bank customer uses an out - of - network atm twice, makes one international wire transfer, and maintains a balance of $200. they also make one overdraft. what are their total fees for the month?\n$22\n$42\n$40\n$20

Answer

Explanation:

Step1: Identify applicable fees

The customer maintains a balance of $200, so the monthly maintenance fee is waived. But they use out - of - network ATMs twice ($1 per use), make an international wire transfer ($30), and have one overdraft ($20).

Step2: Calculate total fees

The out - of - network ATM fees are $1\times2 = 2$. The international wire transfer fee is $30$ and the overdraft fee is $20$. The total fees are $2 + 30+20$. $2+30 + 20=52$

Answer:

$52$