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Q: What is the monthly finance charge if the average daily balance is 15 the daily periodic rate is 0.06 and the number of days in the cycle is 30?
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Related questions

How do you calculate finance charge?

multi the unpaid balance by the monthly interest rate


How do you calculate monthly average balance?

Monthly average balance is the sum of daily balances in a month divided by the number of days in that month.


Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?

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Is there a program available online that will compute monthly finance charges based on average daily balance?

You would need to do a very specific search. I have never heard of one, no.


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

$39.59


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!!!!


Protects you when applying to receive credit?

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Leandre's previous credit card balance is 1299.32 What would her finance charge be if the monthly rate is 1.4 percent?

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