Based on the cost of the ATM fees per month, the total cost of the banking fees in 6 years is $1,296
What is the total of the banking fees?
The total fees charged by the bank as ATM fees can be solved by the formula:
= Fees per month x number of months
Solving for the total fees charged by the bank gives:
= 18 x 6 x 12 months a year
= 18 x 72
= $1,296
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