Brad Kellogg maintains a monthly balance in his checking account of approximately $150,writes about 25 checks a month,and makes three deposits each month.How would Brad decide which one of the following checking accounts he should use?
Bank A: regular checking account with a monthly fee of $4.50 for an unlimited number of checks,no monthly balance requirement,and no interest earnings.
Bank B: interest-bearing checking account paying 4 percent interest on balances over $300 and a monthly service charge of $6 if the balance falls below $300.
Bank C: special checking account that charges 35 cents a check and 20 cents for each deposit,no interest earnings.
Bank D: minimum-balance account that requires a $200 minimum balance to avoid the $10 monthly fee,two percent interest paid if the balance remains above $400.

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The Answer of Brad Kellogg maintains a monthly balance in his checking account of approximately $150,writes about 25 checks a month,and makes three deposits each month.How would Brad decide which one of the following checking accounts he should use?
Bank A: regular checking account with a monthly fee of $4.50 for an unlimited number of checks,no monthly balance requirement,and no interest earnings.
Bank B: interest-bearing checking account paying 4 percent interest on balances over $300 and a monthly service charge of $6 if the balance falls below $300.
Bank C: special checking account that charges 35 cents a check and 20 cents for each deposit,no interest earnings.
Bank D: minimum-balance account that requires a $200 minimum balance to avoid the $10 monthly fee,two percent interest paid if the balance remains above $400.

Brad Kellogg Maintains a Monthly Balance in His Checking Account