Banking Hanna has an income of $120,000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visitthe bank is 54.50. How much should her withdraw per bank trip?Oa $23.00Ob $5,217.39Oc $2,598.08Od $1,067.00

Total Income = $1,20,000 Bank gives 4% That is 1,20,000 * 4% = $4,800

Answered: Banking Hanna has an income of $120.000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Banking Hanna has an income of $120.000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visit the bank is $4.50. How much should her withdraw per bank trip?