Asked by Alejandro Otón García on May 12, 2024
Verified
Annalise has an online checking account at Wells Fargo Bank.Her balance at the beginning of the month was $5,000.00.During the month,she made deposits totaling $5,478.42,was charged a maintenance fee of $18,and earned $1.87 in interest.Her balance at the end of the month was $4,187.93.Annalise grew concerned because she spent considerably more than she made during the month.How much did Annalise spend during the month?
Maintenance Fee
A periodic charge imposed by banks, credit unions, or HOAs to cover the cost of services or upkeep.
- Rectify inconsistencies between banking records and personal finance logs.
Verified Answer
AH
Aileen HernandezMay 18, 2024
Final Answer :
Annalise spent $6,274.36 during the month.
5,000.00 + 5,478.42 − 18.00 + 1.87 − 4,187.93 = 6,274.36
5,000.00 + 5,478.42 − 18.00 + 1.87 − 4,187.93 = 6,274.36
Learning Objectives
- Rectify inconsistencies between banking records and personal finance logs.