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

What was an effect of the US increase in production during world war two
What does the expression oh beans mean?
elimination/subtraction 3x - 10y=-704x +9y = 63(can you please explain in step by step?)​
Find the slope of (0, 3), (4, 0). Reduce all fractional answers to lowest terms.
The meaning of New retail is?
26% of animals at the animals shelter are dogs. About what fraction of animals at the shelter are dogs
What is the main reason why education became more important to the Brazilian government?
Which sentence from “Homesick” best shows that the narrator is a character in the story? "Well, let's play shuffleboard," she said. The universe was one-hundred
Landmark cases create changes in
Review the case. Dred Scott v. Sandford Which most accurately explains how this Supreme Court ruling acted as a catalyst for the Civil War? 1) It established a