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Q: What 3 factors determine the amount you pay in finance charge?
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What is the difference between a service charge and a finance charge?

A service charge is typically a charge for a specific action that a company performs on an account or an order. A finance charge is an amount of interest that is charged on an amount of principal owed by a customer.


The dollar amount that is paid for the credit?

finance charge


What is The dollar amount you pay to use credit?

Finance Charge


What three factors determine the amount you pay in finance charges?

Finance charges are billed on any revoling balance. What determines what you pay is the balance at the closing of you monthly statment!!! The key is to pay more than the minimum. On average to avoid interest on credit cards do not carry a revolving balance to avoid interest. Tip: only charge what you can afford to pay!!!!


What amount to pay on credit card to keep finance charge in control?

minimum


What is the total dollar amount a person pays to use credit?

finance charge


The amount of interest a store charges a customer for buying on the installment plan?

Finance charge


How much does a lender charge for insurance?

The amount of insurance you will pay depends on a variety of factors. The lender will look at your driving history, credit score, and area you live in to determine your rate.


What are factors that determine the size of the electric potential and electric potential energy?

Mass and Charge


What factors determine the magnitude of the electrical force between two particles?

-- The product of the electric charges on both particles.-- The distance between the centers of charge on both particles.-- The electrostatic permittivity of the space between themor of the substance in that space.


How do you figure finance charge for a loan?

* Interest (Finance Charge) is charged on every loans and credit card accounts that are not paid in full by the payment due date The Finance Charge formula is:Average Daily Balance x Annual Percentage Rate (APR) x Number of Days in Billing Cycle ÷ 365 * To determine your Average Daily Balance:


How is interest on consumer credit transactions computed?

finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12