Question

Which combination of interest rates and fees are the better deal assuming you have an account with an average balance of $500? (Hint: Calculate which account would have higher balance in a year)" O An account with 10% annual interest rate and $5/month in fees O An account with 2% annual interest rate and no fees O An account with 5% annual interest rate and $3/month in fees o An account with 20% annual interest rate and a $25 fee every time your account drops below $2000​

Answer 1

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Answer:

An account with 2% annual interest rate and no fees

Explanation:

The lowest fee is also associated with the lowest interest rate, so that is the account that is the best deal:

An account with 2% annual interest rate and no fees (2nd choice)