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added to the balance
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What is done with the finance charge assessed by a credit card company?
added to the balance
Sara had a previous balance of 449.13 carried over from last month's credit card bill The credit card company assessed a 6.74 finance charge What is Sara's new balance?
455.87
Brigette had a previous balance on her credit card of 1234.89 She was assessed a 1.4 percent finance charge She made a 59 payment 15 days later Again she was assessed a 1.4 percent finance charge W?
1209.87
Chevis had a previous credit card balance of 456.79 He was assessed a 1.5 percent finance charge He made no payments or purchases The credit card company added a 20 late fee The next month he was aga?
490.89
Sara had a previous balance of 449.13 carried over from last months credit card bill The credit card company assessed a 6.74 finance charge What is Saras new balance?
$455.87, assuming Sara has not made any additional charges on her card since receiving the previous credit card bill. When a credit card company assesses a finance charge, the finance charge ($6.74) is added to the existing balance ($449.13) to arrive at a new balance ($455.87). As an aside, if possible, Sara should revolve (carry) her balance on a credit card that charges a lower rate since the $6.74 finance charge represents 18% (17.7%) on an annualized basis.
George had a previous balance on his credit card of 330.19 on which he paid 50.00 He was assessed a finance charge of 4.20 What is his new balance?
$284.39
George had a previous balance on his credit card of 330.19 on which he paid 50.00. He was assessed a finance charge of 4.20. What is his new balance?
$284.39
What is done with the finance charge done by a credit card company?
added to the balance
What is done with the finance charge assessed by a cedit card?
The finance charge assessed by a credit card is primarily used to compensate the credit card issuer for the risk of lending money and for the cost of providing credit. This charge is calculated based on the outstanding balance and the interest rate associated with the card. The revenue generated from finance charges contributes to the issuer's profit, covering operational costs and other financial services. Additionally, it may also fund rewards programs or promotional offers for cardholders.
Hank purchased a new grill for 349 on his credit card He had a previous balance of 225.91 A finance charge of 8.62 was assessed What is his new balance?
583.53
Hank purchased a new grill for 349 on his credit card. He had a previous balance of 225.91. A finance charge of 8.62 was assessed. What is his new balance?
583.53
Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was assessed. What is his new balance?
583.53
