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On Monday your bank account balance was -$12.58. Because you didn't realize this you wrote a $30.72 check. A. What is the new balance in your checking account? B. The bank charges a $25 fee for paying a check on a negative balance. What is the balance in your checking account after this fee? C. How much money do you need to deposit to bring your account balance back up to $0 after the fee?

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Explanation

On Monday, the bank account balance was -$12.58

A.  As you wrote a $30.72 check, so the new balance in your checking account will be: [tex](-12.58+30.72)dollar =18.14[/tex] dollar

B.  The bank charges a $25 fee for paying a check on a negative balance. So, the balance in your checking account after this fee [tex]=(18.14-25)dollar= -6.86[/tex] dollar

C.   For bringing your account balance back up to $0 after the fee, the money need to deposit [tex]=[0-(-6.86)]dollar =6.86[/tex] dollar.

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