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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.
What is the formula for calculating the monthly dividend for Realty Income using a realty income monthly dividend calculator?
The formula for calculating the monthly dividend for Realty Income is: Monthly Dividend Annual Dividend / 12. You can use a Realty Income monthly dividend calculator to easily determine the amount.
What Calculate the monthly finance charge if the average daily balance is 20 the daily periodic rate is 0.05 and the number of days in the cycle is 30.?
To calculate the monthly finance charge, use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in the Cycle. Plugging in the values, we get: Finance Charge = 20 × 0.0005 × 30 = 0.30. Therefore, the monthly finance charge is $0.30.
How do you calculate finance charge?
multi the unpaid balance by the monthly interest rate
How do you calculate a 12 month average balance on a amortizing loan?
To calculate a 12-month average balance on an amortizing loan, first determine the balance at the end of each month for the past 12 months. Then, sum these monthly balances and divide by 12 to find the average. This method accounts for the declining balance of the loan as payments are made. Ensure to adjust for any additional payments or changes in the loan terms during the period for accuracy.
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2.?
To calculate the finance charge, multiply the credit card balance by the monthly interest rate. For a balance of $3,299.19 at a monthly rate of 1.2% (0.012), the finance charge is: Finance Charge = $3,299.19 × 0.012 = $39.59. Therefore, the finance charge for that month is approximately $39.59.
How can you calculate the days of monthly circulation?
To calculate the days of monthly circulation, multiply the average number of copies circulated per day by the number of days in the month. This will give you the total monthly circulation.
How do you calculate the average monthly sales whole excel sheet?
To calculate the average monthly sales in an Excel sheet, you can use the AVERAGE function. First, select the range of cells that contain the monthly sales data. Then, enter the formula =AVERAGE(range) where "range" is the selected cell range (e.g., A1:A12 for 12 months). Finally, press Enter to get the average monthly sales value.
What is the monthly finance charge if the average daily balance is 30 the daily periodic rate is 0.07 and the number of days in the cycle is 30?
To calculate the monthly finance charge, use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, it would be: Finance Charge = 30 × 0.07 × 30. This equals a finance charge of 63. Therefore, the monthly finance charge is $63.
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?
To calculate the monthly finance charge, you can use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, the average daily balance is $15, the daily periodic rate is 0.06 (which is 0.0006 when expressed as a decimal), and the number of days is 30. So, the finance charge would be: Finance Charge = $15 × 0.0006 × 30 = $0.27. Thus, the monthly finance charge is $0.27.
What method is used to calculate the monthly finance charge for the first major credit card?
The monthly finance charge for a credit card is typically calculated using the average daily balance method or the adjusted balance method. In the average daily balance method, the issuer sums the daily balances throughout the billing cycle and divides by the number of days in the cycle, then multiplies by the monthly interest rate. The adjusted balance method, on the other hand, calculates the balance after payments and credits are applied, before applying the interest rate. The specific method used can vary by issuer and card agreement.
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
$39.59
