javier has a free checking account with a debit card that can be used for electronic payments. whenever the…

javier has a free checking account with a debit card that can be used for electronic payments. whenever the debit card is used, the amount is withdrawn from his account as if he wrote a check. the bank charges $4 for transactions at other banks atms and a $45 fee for each overdraft. here is a summary of javiers banking activity for one month.\nweek 1: his balance is $850 and he withdraws $100 from his banks atm.\nweek 2: he makes a withdraw of $260 from his banks atm and uses his debit card to pay a $600 tuition bill at his school.\nweek 3: his employer deposits $900 into his account.\nweek 4: he withdraws $60 from his banks atm and uses his debit card at a restaurant to pay for a $40 dinner.\nincluding fees, what was javiers balance after week 4?

javier has a free checking account with a debit card that can be used for electronic payments. whenever the debit card is used, the amount is withdrawn from his account as if he wrote a check. the bank charges $4 for transactions at other banks atms and a $45 fee for each overdraft. here is a summary of javiers banking activity for one month.\nweek 1: his balance is $850 and he withdraws $100 from his banks atm.\nweek 2: he makes a withdraw of $260 from his banks atm and uses his debit card to pay a $600 tuition bill at his school.\nweek 3: his employer deposits $900 into his account.\nweek 4: he withdraws $60 from his banks atm and uses his debit card at a restaurant to pay for a $40 dinner.\nincluding fees, what was javiers balance after week 4?

Answer

Explanation:

Step1: Calculate balance after week 1

Starting balance is $850. Withdrawal of $100. $850 - 100=750$

Step2: Calculate balance after week 2

Withdrawal of $260. $750 - 260 = 490$

Step3: Calculate balance after week 3

Deposit of $900, then payment of $600. $490+900 - 600=790$

Step4: Calculate balance after week 4

Withdrawal of $60, fee for dinner ($40 is paid via debit - no direct balance change for payment itself, but assume no overdraft here as we just track withdrawals/fees). Also, check - like a withdrawal (but problem says "amount is withdrawn as if he wrote a check" - assume the $40 dinner is paid via debit (no fee for payment itself, but the problem's structure: week 4: withdraw $60 (ATM) and use debit for $40 (no fee for payment, but check - like? No, re - read: "whenever the debit card is used, the amount is withdrawn as if he wrote a check. The bank charges $4 for transactions at other banks’ ATMs and a $45 fee for each overdraft". Wait, no - week 4: withdraw $60 (from his bank's ATM - no $4 fee, because the $4 fee is for other banks' ATMs). Use debit for $40 (dinner) - but the problem says "the amount is withdrawn as if he wrote a check" (so it's a withdrawal of $40). $790-60 - 40=690$

Answer:

$690$