Obtainiag Cash in a Hurry Sharon is pecked outaide her bank and needs cash today. Her standard checking account balance is sumicient to provide the cash, and she plans to depoet the paycheck thell receive in a few days to her checking account. Sharon also has a credit card whose taerms allow her to obtain a cash advance. What would be the wisest way for sharon to get the cash the needs todoy? Wahdraw the cash fiom her checking account Take a cash advance on her crecit card Whicherer way is quicker Why is this the Wisest way to get the ast she needs? There is no interest charged whien she takes her own money out of her cheoking account, but she would be charged interest beginning immedeistely if she took a cosh advance. There is interest charged an a cash withdrawal from her checking acoount, but it she took a cash advance, as long as her next creot card payment pays her entire balance due, she wos't be charged interett for the cash advance. Eitber way; she wont be charged interest, so it doesnt matter, Many bank credit card issuers charge a transaction fee for non-ATM cash advances. Sharon has a bank credit card. If she takes a non-ATM cash advance, the bank will charge her 2% of the amount of the advance, or a flat fee of $5, whichever is more. Sharon needs to obtain a non-ATM cash advance of $50. What is her transaction fee? $ This week sharon is out of town, and has access to cash advances only by non-ATM methods. For each non-ATM cash advance that she takes, she will be charged 2% of the amount of the advance, or a flat fee of $5, whichever is more. - Sharon took five cash advances during the week, each for \$10. What is the total of her cash advances for that week? $ - What would the transaction fee be, based on percentage, for each cash advance? 5 - What would the minimum transaction fee be for each cash advance? $ - Which transaction fee will be charged for each of Sharon's advances? 5 - What will be the total of her transaction fees for the week? $ - If Sharon had taken just one cash advance for $50 at the beginning of the week, what would her transaction fee have been? $ Iower transaction fees by $