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

How is a bears fur related to homeostasis?please help. HW
Supply either a synonym(S) or an antonyms(A) for each of the words below: multiple, to love, powerful, greediness, to dwell, internal, inside, helpful, to start
Describe an ideal friend in 40-50 words.
what is 185% as a decimal and as a mixed number
What's 453 Divided by 8
Bailey got 7 bows for her birthday.She lost 1/3 of her bows at school.When she got home,she realized she only had 42 bows left.How many bows did she have before
Adam volunteers once a month to make meals for shut-ins. He has 14 pieces of chicken and 21 pieces of corn. He needs to put the same number of pieces of chicke
Nelson's hobby is tinkering with small appliances. Tinkering with implies that Nelson is unskilled at his hobby. You want to change the flavor of this sentence
Simplify the expression. 3n - 5 + 2n + 4
what happened to the pilgrims by 1675