You take out a cash advance of $1,670.00 on a credit card with a 2% cash advance fee and a 13.5% apr. what is the amount due by the end of the month?
a.
$1,722.56
b.
$1,895.45
c.
$1,933.36
d.
$1,703.40

$1703.4

Step-by-step explanation:

Given : You take out a cash advance of $1,670.00 on a credit card with a 2% cash advance fee and a 13.5% APR.

To Find: What is the amount due by the end of the month?

Solution:

2% cash advance fee =

                                    =

                                    =

So, the amount due by the end of the month = $1,670.00 + $33.4

                                                                          =$1703.4

Hence the amount due by the end of the month is $1703.4

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step-by-step explanation:

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