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How do you calculate finance charge?

multi the unpaid balance by the monthly interest rate


What is the monthly finance charge if the average daily balance is 15 the daily periodic rate is 0.06 and the number of days in the cycle is 30?

To calculate the monthly finance charge, you can use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, the average daily balance is $15, the daily periodic rate is 0.06 (which is 0.0006 when expressed as a decimal), and the number of days is 30. So, the finance charge would be: Finance Charge = $15 × 0.0006 × 30 = $0.27. Thus, the monthly finance charge is $0.27.


What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?

39.59


What is the finance charge if the balance is 740.77 and the monthly rate is 1.3?

1.3 percent of 740.77 is 9.63


Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?

$2.99


Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?

$39.59


Calculate the average daily balance and finance charge?

Calculate the average balance and finance charge


Leandre's previous credit card balance is 1299.32 What would her finance charge be if the monthly rate is 1.4 percent?

18.19


What protects you when applying to receive credit?

Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.


Protects you when applying to receive credit?

Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.


What is a finance charge?

A finance charge is interest charged by a lender on the unpaid balance of a loan.


What is finance charge?

A finance charge is interest charged by a lender on the unpaid balance of a loan.