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\begin{tabular}{|c|c|c|c|c|}
\hline
& Account A & Account B & Account C & Account D \\
\hline
\begin{tabular}{c}
Monthly \\
Fee
\end{tabular} & \begin{tabular}{c}
\[tex]$ 0 with direct \\
deposit
\end{tabular} & \$[/tex] 0 & \[tex]$ 10 & \$[/tex] 12 \\
\hline
Annual Fee & \[tex]$ 0 & \$[/tex] 36 & \[tex]$ 0 & \$[/tex] 0 \\
\hline
\begin{tabular}{c}
Online Bill \\
Payment
\end{tabular} & free & free & free & \begin{tabular}{c}
\[tex]$ 0.50 per \\
transaction
\end{tabular} \\
\hline
\begin{tabular}{c}
Deposit to \\
open
\end{tabular} & \$[/tex] 50 & \[tex]$ 50 & \$[/tex] 500 & \$ 1,000 \\
\hline
\begin{tabular}{c}
Check \\
Limits
\end{tabular} & unlimited & 50 per month & unlimited & unlimited \\
\hline
\end{tabular}

James wants an account with the lowest fees. Which checking account would be best for James?

A. Account A
B. Account B
C. Account C
D. Account D

Sagot :

GinnyAnsweridn
To determine which checking account would be best for James, let's analyze the total annual costs associated with each account.

### Monthly and Annual Fees for Each Account

1. Account A:
- Monthly Fee: [tex]$0 - Annual Fee: $[/tex]0

2. Account B:
- Monthly Fee: [tex]$0 - Annual Fee: $[/tex]36

3. Account C:
- Monthly Fee: [tex]$10 - Annual Fee: $[/tex]0

4. Account D:
- Monthly Fee: [tex]$12 - Annual Fee: $[/tex]0

### Calculate the Total Annual Cost for Each Account

1. Total cost for Account A:
- Monthly fee: [tex]$0 * 12 = $[/tex]0
- Annual fee: [tex]$0 - Total: $[/tex]0 + [tex]$0 = $[/tex]0

2. Total cost for Account B:
- Monthly fee: [tex]$0 * 12 = $[/tex]0
- Annual fee: [tex]$36 - Total: $[/tex]0 + [tex]$36 = $[/tex]36

3. Total cost for Account C:
- Monthly fee: [tex]$10 * 12 = $[/tex]120
- Annual fee: [tex]$0 - Total: $[/tex]120 + [tex]$0 = $[/tex]120

4. Total cost for Account D:
- Monthly fee: [tex]$12 * 12 = $[/tex]144
- Annual fee: [tex]$0 - Total: $[/tex]144 + [tex]$0 = $[/tex]144

### Selecting the Best Account
After calculating the total annual fees, we can compare them:

- Account A: [tex]$0 - Account B: $[/tex]36
- Account C: [tex]$120 - Account D: $[/tex]144

The account with the lowest total annual cost is Account A with $0.

Therefore, the best checking account for James, considering he wants the account with the lowest fees, is Account A.
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