ou are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year, you will be writing 30 checks per month and will make three debit transactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months. Use the following information to solve the problem. NOTE: YOU MUST SHOW YOUR WORK FOR FULL CREDIT! Bank Monthly Fees and Conditions Intercontinental Bank $15.00 with $1,000 min. daily balance -or- $25.00 under $1,000 min. daily balance City National Bank $4.50 plus $0.50 per check over 10 checks monthly $1.00 per debit transaction Bank of America $6 plus $0.25 per check $2.00 per debit transaction First Union Bank $9 plus $0.15 per check $1.50 per debit transaction Calculate the cost of doing business with each bank for a year.