It is calculated by averaging the balance after each day. This is then averaged with the closing balance after each month.
Calculate the average balance and finance charge
To calculate the average mortgage balance, you would add up the total amount owed on all mortgages and then divide that sum by the number of mortgages. This gives you the average balance owed per mortgage.
Monthly average balance is the sum of daily balances in a month divided by the number of days in that month.
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some place a fee on the average yearly balance . ( A+ )
some place a fee on the average yearly balance
what is the yearly average rainfall of spain?
It is similar to the average yearly precipitation in the USA.
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Average yearly pay is $25,000
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