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What was the total amount sidney paid

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Reference no: EM133175694

Question - Sidney took a $400 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee on the amount borrowed and offers no grace period on cash advances. Sidney paid the balance in full when the bill arrived.

Required -

(a) What was the cash advance fee?

(b) What was the interest for one month at an APR of 6 percent?

(c) What was the total amount Sidney paid?

Reference no: EM133175694

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