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?
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Home » Business » 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.