Victor Read the Fine Print for a Checking Account He

Victor read the fine print for a checking account he was thinking about using. The fine print said, "A minimum balance of $500 is required. If your balance falls below this level, you will be assessed a monthly fee of $10." Since Victor was planning to keep only a $50 balance in his account, how much could he be charged each year?

A) $0.00
B) $10.00
C) $50.00
D) $60.00
E) $120.00