Essay
Marissa Christianson decided to use a cash advance from her Visa card to purchase $125 in lottery tickets.Unfortunately,she was not a winner.In addition,her credit card increased her APR to 24%.The fine print on her statement showed that she pays a 4% cash advance fee.How much did her lottery tickets end up costing her?
Correct Answer:
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Cash advance fee = 4% × $125 = $5
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Correct Answer:
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