Question
You want a cash advance on your credit card. The transaction fee is 3% of the cash advance. Your credit card limit is $3,800.
You want a cash advance on your credit card. The transaction fee is 3% of the cash advance. Your credit card limit is $3,800. You have purchases of $850.00 on the card. What is your available credit? How much will you owe as a transaction fee if you write a cash advance check for that amount?
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
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