What is the current bank balance with initial balance $3,554.90 after specified deposits and withdrawals?

Prepare for the Statistics, Modeling and Finance Exam. Leverage flashcards and multiple choice questions with detailed explanations. Achieve exam success!

To determine the correct bank balance from an initial balance, you need to account for all deposits and withdrawals made after that initial amount. Starting with the balance of $3,554.90, all transactions—both additions and subtractions—should be aggregated to arrive at the final figure.

The correct answer suggests that after performing the necessary calculations from the transactions (such as deposits added to the initial balance and withdrawals deducted), the resulting total is $4,221.33. This suggests that the deposits significantly outweighed any withdrawals or that there may have been no significant withdrawals at all, leading to an increase in the bank balance.

To verify the solution, recount the changes—if the deposits total an amount greater than what was withdrawn after starting with $3,554.90, it supports the final balance arriving at $4,221.33. Each transaction can critically alter the outcome, so thorough calculation is essential. Hence, because $4,221.33 reflects the computations following the transactions listed, it stands out as the accurate bank balance.

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