18% APR -How is this compounded?
Yearly, daily, quarterly, etc?
a $200 cash advance by using checks linked to to her credit card account.The bank charges a 2 % cash advance fee on the amount borrowed and offers no grace period on cah advances.Sidney paid the balance in full when the bill arrived.What was the cash advance fee? What was the intrest for 1month @ an 18% apr?What was the total amount paid?What if she had made the purchase with her credit card and paid the balance off promptly?
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