How does a credit card company calculate finance charges on a credit card?

Question

01-06-2021
Mathematics

contestada

How does a credit card company calculate finance charges on a credit card?

Respuesta :

Otras preguntas

If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?

write words to match the expression. 24- ( 6+3)

which city was located nearest the nile river delta

write words to match the expression. 24- ( 6+3)

which city was located nearest the nile river delta

what other areas beside egypt did the new kingdom pharoahs conquer

If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?

what other areas beside egypt did the new kingdom pharoahs conquer

iluvbianca iluvbianca · Answer 1 · 2021-06-01T15:50:40+02:00

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