Sidney took a $400 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee on the amount borrowed and offers no grace period on cash advances. Sidney paid the balance in full when the bill arrived.
a. What was the cash advance fee? (Round your answer to 2 decimal places.)
Cash advance fee $
b. What was the interest for one month at an APR of 16 percent? (Round your answer to 2 decimal places.)
Interest $
c. What was the total amount she paid? (Round your answer to 2 decimal places.)
Total amount $
d. What if she had made the purchase with her credit card and paid off her bill in full promptly? Assume the credit card has a grace period. (Round your answer to 2 decimal places.)
Amount paid $
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 08:50, terrancebest
Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4
Answers: 2
Business, 23.06.2019 01:50, katelynbychurch
Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. at what rate does the firm just break even?
Answers: 3
Business, 23.06.2019 05:50, laderickaluckey
Ineed the answer today! explain how inflation can be built into the system
Answers: 1
You know the right answer?
Sidney took a $400 cash advance by using checks linked to her credit card account. The bank charges...
Questions in other subjects:
Biology, 17.10.2019 15:30
Mathematics, 17.10.2019 15:30
French, 17.10.2019 15:30
