If creditors give you no credit for payments made during the billing period, this is called the:
A. APR method.
B. discount method.
C. previous balance method.
D. adjusted balance method.
My choice is A, but Im a little confused.
business - Ms. Sue, Wednesday, September 26, 2012 at 5:49pm
I don't think any of these answers is correct.
business - clara, Wednesday, September 26, 2012 at 5:56pm
I don't either, but I have to pick one. Which one do you think would be the best answer?
business - Ms. Sue, Wednesday, September 26, 2012 at 5:58pm
You do not have to pick one. Tell your instructor that this question has an error. If your school and instructor are worth their money, they'll exempt this question -- or give you credit for any answer.
I see a lot of erroneous questions and answer choices from online for-profit schools.
business - Mark, Monday, July 20, 2015 at 11:34pm
Previous billing method
business - Ryan, Monday, May 16, 2016 at 4:24pm
Previous balance method.