Patty took a cash advance of $1,500. her new credit card charges an annual percentage rate of 21%. the transaction fee for the cash advance is 3% of the amount of the advance, with a minimum fee of $35. this fee is added to the total cash advance, and accrues interest. if patty makes monthly payments of $65: how many months will it take patty to pay for the cash advance?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Patty took a cash advance of $1,500. her new credit card charges an annual percentage rate of 21%. the transaction fee for the cash advance ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
We can consider the case where wine producers in Chile ask the government to tax imported wines from France with a tax. They consider that this tax would increase both the State's tax revenue and employment in the Chilean wine industry.
Answers (1)
D'anthony borrowed $50,000 today that he must repay in 15 annual end-of-year installments of $5,000. what annual interest rate is d'anthony paying on his loan?
Answers (1)
Leola just finished high school. She would like to earn a bachelor's degree so she can get a job in Manufacturing.
Answers (1)
Many firms hire celebrities to appear in their advertisements. Which step of the communication process is represented?
Answers (1)
The first step in the career planning and advancement process is
Answers (1)
New Questions in Business
1. True or false? When you use revolving credit, you borrow a fixed amount and make regular payments until you've paid off the loan.
Answers (2)
According to PCN analysis, service operations exist only within the area (s) of: a. independent processing. b. independent processing and surrogate interaction. c. independent processing and direct interaction. d.
Answers (2)
Cultural diversity represents a. a technical skill. b. a statistical method used to project sales revenues and profits for global companies. c. the differences among people in a workforce. d. a business theory that is no longer valid. e.
Answers (1)
In which case can we be sure aggregate demand shifts left overall? a. people want to save more for retirement and the Fed increases the money supply. b. people want to save more for retirement and the Fed decreases the money supply. c.
Answers (1)
Bart has decided to buy some water balloons rather than get an extra milk at lunch. choosing among economic alternatives is referred to as
Answers (1)