Travis uses his credit card to obtain a cash advance of $600 to pay for his textbooks

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Travis uses his credit card to obtain a cash advance of $600 to pay for his textbooks in medical school. The interest rate charged for the loan is 0.05477% per day. Travis repays the money plus the interest after 27 days.

(a) Determine the interest charged for the cash advance.

(b) When he repaid the loan, how much did he pay the credit card company?

Travis uses his credit card to obtain a cash advance

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 28, 2019 07:57 AM

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Travis uses his credit card to obtain a cash advance of $600 to pay for his textbooks

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A Survey of Mathematics with Applications

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