40. Josh has a savings account at a bank that charges a $12 fee for every month that his balance falls below $1,000. His account has a balance of $1,526.23 and he withdraws $700. What will his balance be in six months if he makes no deposits nor withdrawals? A. $811.12 B. $754.23 C. $1,451.12 D. $799.12

40. Josh has a savings account at a bank that charges a $12 fee for every month that his balance falls below $1,000. His account has a balance of $1,526.23 and he withdraws $700. What will his balance be in six months if he makes no deposits nor withdrawals? A. $811.12 B. $754.23 C. $1,451.12 D. $799.12

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 16PROB

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