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Sagot :
Let's carefully find the best bank account fit for Natasha by considering all factors such as her balance, the fees, and interests.
### Details of Natasha's Financial Habits and Account Choices:
1. Initial Balance: \[tex]$1000 2. Monthly Balance: \$[/tex]600
3. Checks Written per Month: 8
4. Savings Account: Yes (at the same bank)
5. ATM Usage: Uses ATMs at different banks
6. Possibility of Overdrawing: Sometimes
### Bank Accounts Details:
1. Account A:
- Minimum Balance: \[tex]$500 - Interest: 0.2% - Overdraw Fees: \$[/tex]0 if linked with savings account
- ATM Fees: \[tex]$0 for using any ATMs - Monthly Fee: \$[/tex]0
2. Account B:
- Minimum Balance: \[tex]$250 - Interest: 0% - Overdraw Fees: \$[/tex]35 per overdraw
- ATM Fees: \[tex]$0 for ABC bank ATMs - Monthly Fee: \$[/tex]0
3. Account C:
- Minimum Balance: \[tex]$100 - Interest: 0% - Overdraw Fees: \$[/tex]25 per overdraw
- ATM Fees: \[tex]$3 per transaction - Monthly Fee: \$[/tex]0
4. Account D:
- Minimum Balance: \[tex]$1000 - Interest: 0.2% - Overdraw Fees: \$[/tex]40 per overdraw
- ATM Fees: \[tex]$2.50 per transaction - Monthly Fee: \$[/tex]0
### Analysis:
#### Step 1: Check which accounts Natasha can maintain:
- Given that Natasha can maintain a monthly balance of \[tex]$600, she can meet the minimum balance requirements for Accounts A, B, and C, but not for Account D, as it requires a \$[/tex]1000 minimum balance.
[tex]\[ \text{Eligible Accounts: A, B, and C} \][/tex]
#### Step 2: Calculate the potential costs:
To determine the best account for Natasha, let's consider both ATM fees and overdraw fees:
- Account A:
- ATM Fees: \[tex]$0 (no fee for any ATMs) - Overdraw Fees: \$[/tex]0 (linked with savings account)
Total Monthly Fees for Account A:
[tex]\[ \text{ATM Fees} + \text{Overdraw Fees} = \$0 + \$0 = \$0 \][/tex]
- Account B:
- ATM Fees: Depends on the number of transactions and bank ATM used, but generally, \[tex]$0 for ABC bank ATMs - Overdraw Fees: \$[/tex]35 per overdraw
Assuming she uses non-ABC ATMs sometimes, total monthly fees would consider average usage.
Total Monthly Fees for Account B:
[tex]\[ \text{ATM Fees} + \text{Overdraw Fees} = \$0 \, (\text{using ABC ATMs}) + \$35 (\text{overdraw}) = \$35 \][/tex]
- Account C:
- ATM Fees: 8 transactions/month * \[tex]$3 = \$[/tex]24
- Overdraw Fees: \[tex]$25 per overdraw Total Monthly Fees for Account C: \[ \text{ATM Fees} + \text{Overdraw Fees} = \$[/tex]24 + \[tex]$25 = \$[/tex]49
\]
### Conclusion:
From our analysis, it is clear that:
- Account A is the most cost-effective.
- The total monthly fee for Account A for Natasha is \[tex]$0. - Account B and Account C would incur higher costs for her based on her ATM usage and the possibility of overdrawing. Thus, Account A is the best option for Natasha, as it results in the lowest potential cost and meets all her financial requirements. \[ \boxed{\text{Account A}} \] Eligible accounts: ['A', 'B', 'C'] Best account: 'A' Minimum cost: \$[/tex]0
### Details of Natasha's Financial Habits and Account Choices:
1. Initial Balance: \[tex]$1000 2. Monthly Balance: \$[/tex]600
3. Checks Written per Month: 8
4. Savings Account: Yes (at the same bank)
5. ATM Usage: Uses ATMs at different banks
6. Possibility of Overdrawing: Sometimes
### Bank Accounts Details:
1. Account A:
- Minimum Balance: \[tex]$500 - Interest: 0.2% - Overdraw Fees: \$[/tex]0 if linked with savings account
- ATM Fees: \[tex]$0 for using any ATMs - Monthly Fee: \$[/tex]0
2. Account B:
- Minimum Balance: \[tex]$250 - Interest: 0% - Overdraw Fees: \$[/tex]35 per overdraw
- ATM Fees: \[tex]$0 for ABC bank ATMs - Monthly Fee: \$[/tex]0
3. Account C:
- Minimum Balance: \[tex]$100 - Interest: 0% - Overdraw Fees: \$[/tex]25 per overdraw
- ATM Fees: \[tex]$3 per transaction - Monthly Fee: \$[/tex]0
4. Account D:
- Minimum Balance: \[tex]$1000 - Interest: 0.2% - Overdraw Fees: \$[/tex]40 per overdraw
- ATM Fees: \[tex]$2.50 per transaction - Monthly Fee: \$[/tex]0
### Analysis:
#### Step 1: Check which accounts Natasha can maintain:
- Given that Natasha can maintain a monthly balance of \[tex]$600, she can meet the minimum balance requirements for Accounts A, B, and C, but not for Account D, as it requires a \$[/tex]1000 minimum balance.
[tex]\[ \text{Eligible Accounts: A, B, and C} \][/tex]
#### Step 2: Calculate the potential costs:
To determine the best account for Natasha, let's consider both ATM fees and overdraw fees:
- Account A:
- ATM Fees: \[tex]$0 (no fee for any ATMs) - Overdraw Fees: \$[/tex]0 (linked with savings account)
Total Monthly Fees for Account A:
[tex]\[ \text{ATM Fees} + \text{Overdraw Fees} = \$0 + \$0 = \$0 \][/tex]
- Account B:
- ATM Fees: Depends on the number of transactions and bank ATM used, but generally, \[tex]$0 for ABC bank ATMs - Overdraw Fees: \$[/tex]35 per overdraw
Assuming she uses non-ABC ATMs sometimes, total monthly fees would consider average usage.
Total Monthly Fees for Account B:
[tex]\[ \text{ATM Fees} + \text{Overdraw Fees} = \$0 \, (\text{using ABC ATMs}) + \$35 (\text{overdraw}) = \$35 \][/tex]
- Account C:
- ATM Fees: 8 transactions/month * \[tex]$3 = \$[/tex]24
- Overdraw Fees: \[tex]$25 per overdraw Total Monthly Fees for Account C: \[ \text{ATM Fees} + \text{Overdraw Fees} = \$[/tex]24 + \[tex]$25 = \$[/tex]49
\]
### Conclusion:
From our analysis, it is clear that:
- Account A is the most cost-effective.
- The total monthly fee for Account A for Natasha is \[tex]$0. - Account B and Account C would incur higher costs for her based on her ATM usage and the possibility of overdrawing. Thus, Account A is the best option for Natasha, as it results in the lowest potential cost and meets all her financial requirements. \[ \boxed{\text{Account A}} \] Eligible accounts: ['A', 'B', 'C'] Best account: 'A' Minimum cost: \$[/tex]0
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