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Its is 1,000,000,000,000

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Q: How can you calculate the actual amount of interest paid on a credit card each month?
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Related questions

How do you calculate effective interest rate on a line of credit?

how is line of credit interest calculated


How do you calculate letter of credit need?

100000 letter of credit interest rate


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

14.4%


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

14.4 %. A+


What is the highest interest for a savings account at a Credit Union?

Credit Union have a savings plan where the amount of interest earned is dependant on the amount of money being saved. Further information can be found on the Credit Union website.


What is the journal entry for accrued interest expense on Notes Payable?

debit interest expense, credit interest payable for the accrued amount


How is a line of credit similar to a credit card?

Interest is charged only on the amount you actually borrow


Which companies offer interest free credit cards?

Chase, Citi and Capital One are companies that offer interest free credit cards. These interest free credit cards most often do not stay interest free. They are interest free for a certain amount of time.


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

1.5 or 1.50


Which websites have a simple interest calculator?

To calculate your interest, you simply need to multiply the loan amount by the interest rate then divide by the # of payments you will make in a year (ie monthly, biweekly, ect...) To determine what your interest rate will be you need to speak with your lending institution as it varies depending on the type of loan and your credit history.


What is the accounting entries for purchasing a car on installment basis?

Credit to Liabilities for the amount of the loan. Credit to liabilitites for the amount of interest on the amount of the loan.(this can be entered monthly to keep better track of) Debit to cash for the amount of the payment made. (this amount should be equal after the payments are completed to the addition of the loan amount and interest.)


All credit cards charge interest what can you do to reduce the costs of paying interest?

The easiest thing you can do to reduce the amount of interest you incur to your credit card is to pay the bill as soon as you get it. You can also try asking the credit card company to drop your rate.