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 did one become a landowner in the new territories of the U.S.?
Which is not possible distance for the flight from Haiti back to Cuba?
the dashed line on each grid represents y=x. on which grid is y=4x - 2 apparently represented as well?
The fighting between fugitive slaves and slave catchers led to "bleeding Kansas" true or false
Which architect said, "form ever follows function"??
If an inspector found a problem with an immigrant’s paperwork, what would most likely happen to that immigrant?
what were the consequences of the war of 1812
What qualifications are needed to be president?
Which of the following statements is most accurate? Select one: a. Significant fighting in a homeland is a pull factor for migration. b. Significant fighting in
What r the common factors of 45,15, and 90?