John has overdraft protection which has a fee of five dollars per use and a 21 percent annual interest charge. This month John's unexpected car expense caused his account to become overdrawn by $1200 for two weeks until his pay cheque was deposited. What was the total expense for John? NSF fees at his bank are $35.
A) $35.00
B) $257.00
C) $14.67
D) $9.67
Correct Answer:
Verified
Q32: List four types of financial institutions that
Q45: To get the better rate on an
Q67: Mortgage companies
A)take deposits,savings,and term deposits and lend
Q93: Canada Deposit Insurance Corporation insures money on
Q95: A series of decisions made over a
Q96: When purchasing a guaranteed investment certificate (GIC),
A)you
Q99: You have $3000 that you may need
Q100: The Canada Deposit Insurance Corporation (CDIC)insures
A)bank deposits
Q101: Discuss interest rates in general in Canada
Q121: Describe how interest rates affect your personal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents