Question Each month a Bank carries an average balance of $3632 in all checking accounts. These accounts are being turned over 3 times a year. Based on this information, fill in the below data: I = ?dollars T =?months On average, how much money is flowing through the bank each month? Hint: Keep in mind the conversion from year to month. $ ? / month
Question
Each month a Bank carries an average balance of $3632 in all checking accounts. These accounts are being turned
over 3 times a year. Based on this information, fill in the below data:
I = ?dollars
T =?months
On average, how much money is flowing through the bank each month? Hint: Keep in mind the conversion from year to month.
$ ? / month