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Rick has an income of $100,000 that he is willing to spend over a year. If his bank account is giving him 2.50% and the cost associated for him to visit the bank is $2.00. What is the optimal number of bank trip for Rick? O a. 25 O b.4,000 C. 1,250 d. 2,000

Rick has an income of $100,000 that he is willing to spend over a year. If his bank account is giving him 2.50% and the cost associated for him to visit the bank is $2.00. What is the optimal number of bank trip for Rick? O a. 25 O b.4,000 C. 1,250 d. 2,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Rick has an income of $100,000 that he is willing to spend over a year. If his bank account is giving him 2.50% and the cost associated for him to visit the bank is $2.00. What is the optimal number of bank trip for Rick? a. 25 O b. 4,000 O c. 1,250 d. 2,000 Type here to search 23
Transcribed Image Text:Rick has an income of $100,000 that he is willing to spend over a year. If his bank account is giving him 2.50% and the cost associated for him to visit the bank is $2.00. What is the optimal number of bank trip for Rick? a. 25 O b. 4,000 O c. 1,250 d. 2,000 Type here to search 23
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