To determine which checking account would be best for Becca, we need to consider the monthly costs associated with each account, based on Becca's planned usage: writing 12 checks per month, using her bank's ATM four times a month, and having direct deposit.
Let's go through each account and calculate the monthly fees:
### Account A
- Monthly Fee: \[tex]$12 (fixed)
- Checks: Unlimited, so no additional cost for checks
- ATM Fees: \$[/tex]0 per transaction for all ATMs
Total Monthly Cost for Account A:
[tex]\[
\$12
\][/tex]
### Account B
- Monthly Fee: \[tex]$10 (fixed)
- Checks: 15 free checks per month, so no additional cost for checks
- ATM Fees: \$[/tex]0 per transaction for ABC bank ATMs (assume Becca uses ABC bank ATMs)
Total Monthly Cost for Account B:
[tex]\[
\$10
\][/tex]
### Account C
- Monthly Fee: \[tex]$0 with direct deposit
- Checks: \$[/tex]0.08 per check
- ATM Fees: \[tex]$2.50 per transaction
Calculating the additional fees:
\[
\text{Check Fees} = 12 \text{ checks} \times \$[/tex]0.08 = \[tex]$0.96
\]
\[
\text{ATM Fees} = 4 \text{ uses} \times \$[/tex]2.50 = \[tex]$10.00
\]
\[
\text{Total Fees} = \$[/tex]0.96 + \[tex]$10.00 = \$[/tex]10.96
\]
Total Monthly Cost for Account C:
[tex]\[
\$10.96
\][/tex]
### Account D
- Monthly Fee: \[tex]$2 (fixed)
- Checks: \$[/tex]0.12 per check over 10 checks
- ATM Fees: \[tex]$3 per transaction
Calculating the additional fees:
\[
\text{Check Fees} = (12 - 10) \text{ checks} \times \$[/tex]0.12 = 2 \text{ checks} \times \[tex]$0.12 = \$[/tex]0.24
\]
[tex]\[
\text{ATM Fees} = 4 \text{ uses} \times \$3.00 = \$12.00
\][/tex]
[tex]\[
\text{Total Fees} = \$0.24 + \$12.00 = \$12.24
\][/tex]
Total Monthly Cost for Account D:
[tex]\[
\$2 + \$12.24 = \$14.24
\][/tex]
### Summary of Monthly Costs for Each Account
- Account A: \[tex]$12
- Account B: \$[/tex]10
- Account C: \[tex]$10.96
- Account D: \$[/tex]14.24
### Best Option for Becca
The account with the lowest monthly fee is Account B, with a total cost of \$10 per month.
Therefore, the best checking account for Becca is Account B.
