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Your Bankcard Has an APR of 18% and There Is

question 31

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Your bankcard has an APR of 18% and there is a 2% fee for cash advances.The bank starts charging interest on cash advances immediately.You get a cash advance of $600 on the first day of the month.You get your credit card bill at the end of the month.What is the approximate total finance charge you will pay on this cash advance for the month? Assume each month has 30 days.


Definitions:

Heterosexual Women

Women who are sexually attracted to individuals of the opposite sex.

Attraction

A force or factor that draws individuals together, making them interested in each other, which can be physical, emotional, intellectual, or social.

Men and Women

Terms that refer to the two most commonly recognized genders, broadly distinguishing between male and female biological and social identities.

Predominantly Homosexual

Referring to individuals who are primarily attracted to members of the same sex, though they may occasionally experience attraction to the opposite sex.

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