FINA 3002

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FINA 3002 1

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Problem 12 Deposit Pricing Solution (1) Marquette University FINA 3002

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FINA 3002 Introduction to Commercial Banking Problem 12 Deposit Pricing Name: ___________________________________________________ Date: ____________________________________________________ R&R Savings Bank finds that its basic transaction account, which requires a $1,000 minimum balance, costs this savings bank an average of $3.25 per month in servicing costs (including labor and computer time) and $1.25 per month in overhead expenses. The savings bank also tries to build in a $0.50 per ...

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FINA 3002 • FINA 3002