239.30
$131.66
To calculate the monthly credit card payment, you can use the formula: Payment (Balance x (Interest Rate/12)) / (1 - (1 Interest Rate/12)-Number of Months). This formula takes into account the balance on the card, the interest rate, and the number of months you want to pay off the balance.
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
Compound interest
The interest on a savings account is calculated by multiplying the account balance by the interest rate and the time the money is held in the account. This calculation is typically done on a monthly or annual basis.
239.30
$131.66
calculates the interest you owe for your balance at the end of the previous billing period
463.72
12.76
the minimum balance witin the month times times pevailing interest rate multiplied by month and divide by 12
To calculate the monthly credit card payment, you can use the formula: Payment (Balance x (Interest Rate/12)) / (1 - (1 Interest Rate/12)-Number of Months). This formula takes into account the balance on the card, the interest rate, and the number of months you want to pay off the balance.
A balance of $790.87, assuming you've told us everything.
Average Balance account
A balance of $790.87, assuming you've told us everything.
The simple interest over a period of five years is $463.70
Interest payable is liability account and have a credit balance as a normal balance.