Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Banking
Credit Balances
The method of computing finance charges is based on the average of credit balances from each day during the month?
1 answer
That would be the average daily balance method. See http://www.thetruthaboutcreditcards.com/two-cycle-average-daily-balance-vs-average-daily-balance/
You can
ask a new question
or
answer this question
.
Similar Questions
If creditors add finance charges after subtracting payments made during the billing period, this is called the:
A. APR method. B.
Top answer:
B. is my choice.
Read more.
Calculate the monthly finance charges for the following credit card transaction, assume that it takes 10 days for a payment to
Top answer:
To calculate the monthly finance charges for the credit card transaction using the average daily
Read more.
Which of the following actions could improve your credit score?
a. transferring balances to multiple new credit lines b. paying
Top answer:
b. paying down balances on current credit lines
Read more.
Many american are liveing beyond their means by abuseing thier credit cards. You concider their credit limit as another sourse
Top answer:
What kind of HELP do you need? You need to be specific when asking questions here. If all you do is
Read more.
Jim starts with a $2000 balance on his credit card. During the first month he charges $300, and during the second month he
Top answer:
To calculate the balance at the end of the second month, we need to start with Jim's initial balance
Read more.
finance charges
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment
Top answer:
To calculate the monthly finance charge for the credit card transaction using the different methods,
Read more.
Alexandria earns $58,000 per year. Her monthly expenses excluding entertainment and her credit cards are $2,000. Her credit card
Top answer:
The effect Alexandria's credit card balances will have is that they will lower her credit rating
Read more.
manuel has a revolving credit account that uses the average daily balance to calculate finance charges. During april 2007(
Top answer:
Yes. $335.62 is correct.
Read more.
manuel has a revolving credit account that uses the average daily balance to calculate finance charges. During april 2007(
Top answer:
To calculate the average daily balance for April 2007, we need to determine the sum of the balances
Read more.
Which of the following will likely lower your credit score?(1 point)
Responses All your low balances on your credit cards. All
Top answer:
You recently declared bankruptcy.
Read more.
Related Questions
Monique's credit card charges interest of 20.85% per annum on unpaid balances. On her March 12 statement, she had a balance of
2 Which of the following would have a negative
effect on your credit score? A getting a promotion at work B making late payments
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received
Kris is looking to purchase a $599 laptop. They have $350 in cash, a $100 girt card, and a credit card with an $800 limit.
What computing service has influenced growth in organizations?(1 point) Responses cloud computing cloud computing computer-based
Scott charged a $568 purchase on his credit card. The first month he
paid $200. The second month's statement included a 1.75%
Using the average daily balance method and the information​ given, find the credit card finance charge for the month of
Using the average daily balance method and the information​ given, find the credit card finance charge for the month of
Noah has just graduated high school and has some credit card offers! The first credit card (Credit Card A) charges 18%
Noah has just graduated high school and has some credit card offers! The first credit card (Credit Card A) charges 18%