anonymous
  • anonymous
Mike and Jim are on vacation. They charge some expenses on their credit cards and make payments on the cards after the vacation. Jim also takes a cash advance on his card to use at places that do not accept credit cards. They each spend $450 on $1,000 credit cards with zero initial balance. Both cards have the same terms. Which of the following is true? Mike will pay interest charges even if he pays his total balance before the due date. Jim will incur an annual membership fee because he did have a cash adavance Jim will pay interest charges even if he pays his total balance before the du
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
Jim will pay interest charges even if he pays his total balance before the due date. Mike will incur an annual membership fee because he did not have a cash advance.
anonymous
  • anonymous
I'm going with a
Astrophysics
  • Astrophysics
Ok so what is a cash advance?

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Astrophysics
  • Astrophysics
It requires a fee right?
anonymous
  • anonymous
I ont understand
Astrophysics
  • Astrophysics
You should try to understand the question, what does a cash advance mean?
anonymous
  • anonymous
when thye give u money before u get payed
Astrophysics
  • Astrophysics
No, that's different. This is about credit cards, it allows you to withdraw cash and it charges you extra if you do so

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