Government ATM Fee - 22340

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Price: $6
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  • Due on: Sun 11 Aug, 2013 (07:24am)
  • Asked on: Sun 11 Aug, 2013
  • Due date has passed, but you can still Post Solution.

Using a spreadsheet program or calculator, solve Tracy’s problem of how often to go to tlhe ATM  when the nominal interest rate on her bank account is 10 percent, she spends $30 each day, it costs her $0.50 each time she uses the ATM, and she thinks that there is a 15 percent chance that she will lose her cash or have it stolen. Under these conditions, how often does Tracy go to the ATM, and how much cash does she take out each time?

1 Solution for Government ATM Fee
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Government ATM Fee
$6.00 no category JamHeart 1 time(s)
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