vincentcarucci84 vincentcarucci84
  • 01-06-2021
  • Mathematics
contestada

How does a credit card company calculate finance charges on a credit card?

Respuesta :

iluvbianca iluvbianca
  • 01-06-2021
A common way of calculating a finance charge on a credit card is to multiply the average daily balance by the annual percentage rate (APR) and the days in your billing cycle. The product is then divided by 365 . Mortgages also carry finance charges.
Answer Link

Otras preguntas

In "The Tall Woman and Her Short Husband" which of the following best describes how most of the residents in Unity Mansions felt about Mrs. Tall and Mr. Short w
Solve question in photo. Mathematics help. last one
Choose the large, double reed woodwind with the lowest timbre.
Comparing the U.S. economy today to that of 1950, one finds that today, as a percentage of GDP, a. exports and imports are both higher. b. exports and imports
Which best lists the end products of the light-dependent reactions of photosynthesis? ATP and NADPH CO2 and H2O ATP, NADPH, and O2 C6H12O6 and O2
Analyze the sentence to complete each statement below. Camping outdoors is one of the joys of summer for the family. The verbal phrase in this sentence is . The
please describe the path that blood travels through the heart. i do not understand
If you feel pain during weight training, what should you do?
Phillips saves $8 each month. how many months will it take him to save at least $60
Which of the following words correctly finish the sentence Make sure that your changes do not affect or effect