Helixz
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You are comparing two savings accounts based on the interest you would earn and the fees they charge. Assuming you have a savings account with an average balance of $500, which combination of interest rates and fees are a better deal? (Hint: Using a one year period, determine the balance that you would have at Bank A and Bank B). O Bank A offers you a savings account with a 10% annual interest rate and $5/month in fees O Bank B offers you a savings account with 2% annual interest rate and no fees O The two banks deals are equivalent O Trick question -- it's a bad idea to open a savings account with just $500​