3. Kari got a $50 cash advance at a local out-of-
network ATM. She paid the $55 balance in
full when the bill came. Kari's bill included the
$50 cash advance and $5 in fees. Approximate
the annual interest rate that Kari paid for
this advance. Remember that these charges
represent only 1 month and to approximate
annual rates you need to multiply by 12.