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12 October, 00:22

You put $500 in an interest bearing bank account that pays 2% per year but has a fee of $2 per month. are you getting ahead?

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  1. 12 October, 02:29
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    2 x 12 = 24 euro fee

    500 - 24 = 476 euros left over

    476 (1 x 2%) = your answer
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