2. Anna needs $100 in cash to go home for the weekend, and all she has is a credit card. Her cash advance fee is

$10 and the credit card company charges a 3% fee. She decides to get a cash advance. (LO 5-2)

a. How much will the cash advance cost her?

b. Given the fees that were charged, what is the true cost as a percentage of the $100 for Anna to get a cash advance?

c. Anna does not use her credit card for anything else and she pays off the $100 cash advance plus fees in six months by making payments of $19.83. Her credit card company charges 18% APR. Create an amortization schedule for her six payments. How much will Anna end up paying in interest and fees for her $100 cash advance?