To determine which checking account would be best for Irma, let's carefully evaluate the details given for each account:
1. Account A:
- Minimum Balance: \[tex]$500
- Interest: 0.1%
- Overdraft Protection: Yes
- ATM Fees: \$[/tex]0 for all ATMs
- Monthly Fee: \[tex]$0
- Total Monthly Cost: \$[/tex]0
2. Account B:
- Minimum Balance: \[tex]$250
- Interest: 0%
- Overdraft Protection: No
- ATM Fees: \$[/tex]0 for ABC bank ATMs
- Monthly Fee: \[tex]$5
- Total Monthly Cost: \$[/tex]5
3. Account C:
- Minimum Balance: \[tex]$50
- Interest: 0%
- Overdraft Protection: No
- ATM Fees: \$[/tex]2 per transaction
- Monthly Fee: \[tex]$10 or \$[/tex]0 with direct deposit
- Since Irma has direct deposit, the Monthly Fee: \[tex]$0
- Total Monthly Cost: \$[/tex]0
4. Account D:
- Minimum Balance: \[tex]$100
- Interest: 0.1%
- Overdraft Protection: No
- ATM Fees: \$[/tex]0 per transaction
- Monthly Fee: \[tex]$5 or \$[/tex]0 with direct deposit
- Since Irma has direct deposit, the Monthly Fee: \[tex]$0
- Total Monthly Cost: \$[/tex]0
With the given conditions, we see that the total monthly costs for Accounts A, C, and D are \[tex]$0 each, and for Account B it is \$[/tex]5.
Therefore, the options remaining based on the lowest total monthly cost are Accounts A, C, and D. Considering the other benefits like overdraft protection that Account A provides with no additional cost, Account A would be the best choice for Irma.
Thus, the best checking account for Irma is Account A.
