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

# Can a credit card company charge monthly finance charges after the death of the card holder if someone is trying to pay the debt off?

Answer .
\nYes. The question might possible be is anyone obligated to pay the debt at all? If the the deceased person was the only account holder, no one else is responsibl…e for the debt; except posssibly the deceased's estate (if there is one). If there is a surviving spouse and the couple lived in a community property state, the spouse might be obligated to repay the debt(s)... Macky(macky83@juno.com)

# Calculate the monthly interest rate on a credit card that charges 18 percent annual interest?

1.5 or 1.50

# What should be the first step in calculating a monthly credit card finance charge?

change the percent to a decimal

# Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2 percent?

14.40

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

39.59

# How do you calculate the monthly interest rate of a credit card if the annual rate is 18 percent?

It is 100*[(1+18/100)^(1/12) - 1] % = 100*[(1.18)^(1/12) - 1] % = 100*[1.01389 - 1] % = 100*[0.01389] = 1.389 %

Answered

# What is the finance charge calculation method for Walmart credit card?

VISA uses Average Daily Balance (including cash advances). The average daily balance method of calculating finance charges uses the average of your balance during the billing …cycle. Your average daily is the sum of your balance on each day of the billing divided by the number of days in the billing cycle.

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# How do you calculate the finance charge on your credit card?

am not sure but you take the balance of you account subtract it with the amount of the actual money taken out and you will know how much it has taken and it also depends if yo…u are using the same bank for your credit card cause if your using for another one it costs a little bit more....

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# 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