You took a $700 cash advance by using checks linked to your credit card account. The...

 

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You took a $700 cash advance by using checks linked to your credit card account. The bank charges you a 1% cash advance fee on the amount borrowed with no grace period on cash advances. How much money is required to pay off the balance in full after one month at 20% APR? You took a $700 cash advance by using checks linked to your credit card account. The bank charges you a 1% cash advance fee on the amount borrowed with no grace period on cash advances. How much money is required to pay off the balance in full after one month at 20% APR?

Answer rating: 100% (QA)

Given Advance 700 Charge rate 1 APR 20 pa 2012 per month Money is required to ... View the full answer