Let's analyze the costs associated with each type of account step by step:
1. Overdraft Fees:
Each account has a specified fee for overdraft:
- Account A: [tex]$40 per overdraft
- Account B: $[/tex]35 per overdraft
- Account C and D: [tex]$25 per overdraft
2. ATM Usage Fees:
Each account also has different ATM usage fees:
- Account A: $[/tex]0 for ABC bank ATMs, [tex]$3 for non-ABC ATMs
- Account B: $[/tex]4 per transaction
- Account C and D: [tex]$3 per transaction
3. Monthly Fees:
For some accounts, there is a monthly fee:
- Account A: $[/tex]10 monthly fee with direct deposit
- Accounts B, C, and D: No monthly fee
4. Annual Fees:
Additionally, some accounts carry an annual fee:
- Account A: [tex]$0
- Account B: $[/tex]10
- Account D: [tex]$12
- Account C: $[/tex]0
By combining the provided information, we will now calculate the total monthly fees for each account which is the sum of the monthly fee and the ATM fees:
- Account A: Monthly Fee = [tex]\(10 (monthly fee) + 0 (ATM fee) = 10\)[/tex]
- Account B: Monthly Fee = [tex]\(0 (monthly fee) + 4 (ATM fee) = 4\)[/tex]
- Account C: Monthly Fee = [tex]\(0 (monthly fee) + 3 (ATM fee) = 3\)[/tex]
- Account D: Monthly Fee = [tex]\(0 (monthly fee) + 3 (ATM fee) = 3\)[/tex]
Next, we'll find the total annual costs by considering both the total monthly fees multiplied by 12 (months) and adding the annual fee if it exists:
- Account A: Total Annual Cost = [tex]\(12 \times 10 (total monthly fees) + 0 (annual fees) = 120\)[/tex]
- Account B: Total Annual Cost = [tex]\(12 \times 4 (total monthly fees) + 10 (annual fees) = 58\)[/tex]
- Account C: Total Annual Cost = [tex]\(12 \times 3 (total monthly fees) + 0 (annual fees) = 36\)[/tex]
- Account D: Total Annual Cost = [tex]\(12 \times 3 (total monthly fees) + 12 (annual fees) = 48\)[/tex]
Summarizing the results, we have:
- Overdraft Fees: [40, 35, 25, 25]
- ATM Usage Fees: [0, 4, 3, 3]
- Monthly Fees: [10, 0, 0, 0]
- Annual Fees: [0, 10, 0, 12]
- Total Monthly Fees: [10, 4, 3, 3]
- Total Annual Costs: [120, 58, 36, 48]
These numerical results correctly represent the costs associated with each type of account in the given table.
