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Consider the following situation: A bank customer currently maintains a checking account balance of $5000 so that she does not have to pay monthly maintenance charges or per-debit charges. She writes about 20 checks a month for a total of about $2100. If she kept only that amount in her checking account, she would have to pay a monthly maintenance fee of $20 plus a $.20/check charge. Which of the following choices do you think this customer should make: • Open a savings account at the bank at 5 percent interest. Keep her extra money there and have the bank transfer funds from the savings account in the case of an overdraft. The bank does not charge for transfers but allows only two per month. • Put the extra money in a money market account that earns about 8 percent. This account allows only a limited number of checks to be written each month.
Consider these questions as you make your recommendation:
• How much more interest would she earn if the extra money was in a money market account rather than in the bank's savings account? • About how many checks would she have to write each month for it to be obviously better to have a checking account with no per-check charge?
a farmer has 400 feet of fence with which to fence a rectangular plot of land. the plot lies along a river so that only three sides need to be fenced. estimate the largest area that can be fenced.
Confirm that (C ([a, b]) , II·II infinity ) where II f II infinity= max I f (x) I a
An automobile manufacturer produces 7 models, each available in 6 different exterior colors, with 4 different upholstery fabrics and 5 interior colors. How many varieties of automobiles are available?
Prove that this is a homonorphism, what is the kernel of phi? And what is phi(R)?
an architect has allocated a rectangular space of 377 sq ft for a square dining room and a 16 ft wide kitchen. Find both the width of the square dining room and the length of the entire rectangular space.
Eight parties have arrived and are waiting for tables at a restaurant but are seated in random order. What is the probability that the parties are seated in the order in which they arrived?
Allison is saving money to buy a video game system. In the first week, her savings were $8 less than 2/5 the price of the system. In the second week, she saved 50 cents more than 1/2 the price of the system.
A roast turkey is taken from an oven when its temperature has reached 195 Fahrenheit and is placed on a table in a room where the temperature is 75 Fahrenheit.
the temperature at the pool was 65 degrees F at 6:00 a.m. write an expression to name the tempertaure at 5:00 p.m. after it rose 7 degrees.
the following data lists the average monthly snowfall for january in 15 cities around the usnbsp20nbspnbspnbsp
Letting x denote the length of one side of the base, find a function in the variable x giving the cost (in dollars) of constructing the box.
a 125ml flask and stopper have a mass of 79.310g. a 25.0ml sample of an unknown organic liquid is pipetted into the
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