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What method is used to calculate the monthly finance charge for the first major credit card?
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What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
What should be the first step in calculating a monthly credit finance charge?
change the percent to a decimal
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?
$2.99
What should be the first step in calculating a monthly credit card finance charge?
change the percent to a decimal
Protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
$39.59
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2?
$39.59
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
What should be the first step in calculating a monthly credit finance charge?
change the percent to a decimal
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?
$2.99
Does it affect your credit score if you repay your credit card dues much before your monthly statement is generated?
no, but your finance charge will be lower
What should be the first step in calculating a monthly credit card finance charge?
change the percent to a decimal
How is finance charge calculated?
Finance charges are applied to credit card balances that aren't paid before the grace period. Different credit cards calculate finance charges in different ways.
Leandre's previous credit card balance is 1299.32 What would her finance charge be if the monthly rate is 1.4 percent?
18.19
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
