Cash Advance: You can get from an ATM using your credit card. However, you are borrowing money from __.Transactions of this type are called _. Your credit card company will charge you a finance charge on the cash advance starting the day you withdraw the money. There is no for cash advance. Card companies often charge a _. They often charge a fee for the cash advance in addition to the finance charge. They often charge a periodic rate for cash advances than for regular balances. To find the interest, multiply the amount of the advance by the daily periotic interest and the number of days of the loan .To find the new finance charge, add the interest to any _ paid. The cash advance and finance charges are added to find the amount needed to pay off the ____.

Question

09-05-2024
Mathematics

Answered

Cash Advance: You can get from an ATM using your credit card. However, you are borrowing money from __.Transactions of this type are called _. Your credit card company will charge you a finance charge on the cash advance starting the day you withdraw the money. There is no for cash advance. Card companies often charge a _. They often charge a fee for the cash advance in addition to the finance charge. They often charge a periodic rate for cash advances than for regular balances. To find the interest, multiply the amount of the advance by the daily periotic interest and the number of days of the loan .To find the new finance charge, add the interest to any _ paid. The cash advance and finance charges are added to find the amount needed to pay off the ____.

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oleg2008oleg oleg2008oleg · Answer 1 · 2024-05-09T18:41:25-04:00

Cash Advance: You can get cash from an ATM using your credit card. However, you are borrowing money from your credit card company. Transactions of this type are called cash advances. Your credit card company will charge you a finance charge on the cash advance starting the day you withdraw the money. There is no grace period for cash advances. Card companies often charge a cash advance fee. They often charge a higher periodic rate for cash advances than for regular balances. To find the interest, multiply the amount of the advance by the daily periodic interest rate and the number of days of the loan period. To find the new finance charge, add the interest to any fees paid. The cash advance and finance charges are added to find the amount needed to pay off the loan.