Answered: Your savings account balance at the end…

Your savings account balance at the end of May was $500. You made a $200 deposit on June 4 and withdrew $100 on June 25. Calculate your average (mean) daily balance for June.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Your savings account balance at the end of May was $500. You made a $200 deposit on June 4 and withdrew $100 on June 25. Calculate your average (mean) daily balance for June.

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