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calculates the interest you owe for your balance at the end of the previous billing period

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14y ago
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Q: What is the previous balance method?
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Related questions

Which method for calculating a credit card balance does not take into account the purchases or the payments made during the current billing cycle?

Adjusted balance method APEX


What methods has the highest finance charge?

Charging the previous balance


What is the projected balance sheet method?

projected balance sheet method


Which of these methods has the highest finance charge charging a flat rate fee charging the unpaid balance charging the previous balance charging the average daily balance?

Charging the previous balance


Credit card balance method that subtracts payments and credits in this month from balance at end of last month is?

Adjusted Balance Method


When is the reducing balance method more suitable than the straightline method?

in what circumstances is the reducing balance method more appropriate than the straight line method?


Which method for calculating a credit card balance takes into account both the purchases and the payments made during the current billing cycle?

Average Daily Balance Method


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179.54


What are the depreciations methods?

two methods: Cost method and diminishing balance method


Which interest method do credit card companies prefer?

The interest method that credit card companies prefer will vary depending on the company. In most cases, they use the average daily balance method or the daily balance method.


If you buy a used cell phone with a previous balance do you have to pay it?

No, the only reason you would have to pay a previous balance is if your account that was past due. Phones don't carry the fee.


Chevis had a previous credit card balance of 456.79?

490.90