Suppose a card is offered with a 0% introductory rate a student decided to get the credit card and immediately took a cash advance of $369 the cash advance had a 24% annual rate which started immediately. The account also had a $40 late fee with any late payment if the student Missed Making the first months payment what will their new total balance at the start of the second month be.

Answer rating: 100% (QA)

To calculate the new total balance at the start of the second month for the student who took a cash ... View the full answer