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You have a credit card that charges 17.99% on outstanding balances, and 25% on cash advances, plus a fee of 1% of the cash advance.
You have a credit card that charges 17.99% on outstanding balances, and 25% on cash advances, plus a fee of 1% of the cash advance. The closing date on the credit card is the first of each month. Last month you left a balance of $2300 on your credit card. This month you took out a cash advance of $850 and made $1500 in additional purchases. You made a payment of $2000. What will the total of your new balance be on your next credit card statement, taking into account finance charges?
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