Respuesta :
Unlike credit card purchases, interest charged on cash advances is already incurred even if you pay before the due date.
32% is the annual interest rate
1 month is the term
200 is the principal
32% / 12 months = 2.67% per month
200 * 2.67% = 5.34 monthly interest
200 * 32% = 64 annual interest
64/12 = 5.33 monthly interest
She has to pay $5.34 in interes
32% is the annual interest rate
1 month is the term
200 is the principal
32% / 12 months = 2.67% per month
200 * 2.67% = 5.34 monthly interest
200 * 32% = 64 annual interest
64/12 = 5.33 monthly interest
She has to pay $5.34 in interes