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Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Kevin has a bank credit card. If he takes a non-ATM cash
Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Kevin has a bank credit card. If he takes a non-ATM cash advance, the bank will charge him 2% of the amount of the advance, or a flat fee of $5, whichever is more. Kevin needs to obtain a non-ATM cash advance of $350. What is his transaction fee? $ This week Kevin is out of town, and has access to cash advances only by non-ATM methods. For each non-ATM cash advance that he takes, he will be charged 2% of the amount of the advance, or a flat fee of $5, whichever is more. Kevin took two cash advances during the week, each for $175. what is the total of his cash advances for that week?$ . What would the transaction fee be, based on percentage, for each cash advance? $ , what would the minimum transaction fee be for each cash advance? [ - which transaction fee will be charged for each of Kevin's advances? * what will be the total of his transaction fees for the week? $ . If Kevin had taken just one cash advance for $350 at the beginning of the week, what would his One transaction for $350 causes lower transaction fees by $
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