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Banking Hanna has an income of $120.000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visit the bank is $4.50. How much should her withdraw per bank trip?

Banking Hanna has an income of $120.000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visit the bank is $4.50. How much should her withdraw per bank trip?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter6: Using Credit
Section: Chapter Questions
Problem 8FPE
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Banking Hanna has an income of $120,000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visit the bank is 54.50. How much should her withdraw per bank trip? Oa $23.00 Ob $5,217.39 Oc $2,598.08 Od $1,067.00
Transcribed Image Text:Banking Hanna has an income of $120,000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visit the bank is 54.50. How much should her withdraw per bank trip? Oa $23.00 Ob $5,217.39 Oc $2,598.08 Od $1,067.00
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