You take out a cash advance of 2,790.00on a credit card with a 3.5% cash advance fee and a 13%apr (adjust for monthly rate) what is the amount due by the end of the month

Given that the credit card has a 3.5% cash advance fee. The the cash advance fee on a cash advance of $2,790.00 is given by



Given that the card has an APR of 13%, the value of the cash advance at the end of the month is given by



Therefore, the amount due at the end of the month is given by $2,818.56 + $97.65 = $2,916.21

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