Question

1.) Calculating the Cost of ATM Fees: If a person has ATM fees each month of $18.00 for 8 years, what would be the total cost of those banking fees?

Answer 1

1 Year = 12 Months
8 Years = 96 Months

1 Month = $18
96 Months = $1728

This is assuming you want the total absolute value across the years. If you're looking for NPV, an appropriate discount rate has to be used.