Anna needs $100 in cash to go home for the weekend and all she has is a

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Anna needs $100 in cash to go home for the weekend and all she has is a credit card. Her cash advance fee is $10.00 and the credit card company charges a 3% fee. She decides to get a cash advance.

a. How much will the cash advance cost her? 

b. What percent of the $100 was in fees? 

c. If it takes her one year to pay off the cash advance and the credit card company charges 18% APR, what is the total of interest and fees she paid for your $100 cash advance?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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