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A monthly balance refers to the total amount of money in an account at the end of a specific month, reflecting all transactions during that period. It is determined by taking the opening balance at the start of the month, adding any deposits or credits made throughout the month, and subtracting any withdrawals or debits. This balance is crucial for understanding an account's financial status and for budgeting purposes.
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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 do you calculate finance charge?
multi the unpaid balance by the monthly interest rate
What is the fee for a savings account with Key Bank?
There is no monthly maintenance charge when you keep a daily balance of at least $300 on a basic savings plan. If your daily balance is lower than $300, then there will be a monthly service charge of only $4.
What is bank of america minimum balance required to waive monthly fee?
300 each month
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
What was the best way to describe eisenhower domestic policy?
Determined to balance the budget.
Does the ending balance on trial balance varies monthly?
yes
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.
How can you see your account balance?
Check your monthly statement or ask the teller at the bank to give your balance.
What is a monthly trial balance?
A monthly trial balance is a listing of all the net balances (debit or credit) of all ledger accounts at the end of each month. The trial balance is said to "balance" if the sum of all the debit accounts equals the sum of all the credit accounts.
How can i check my monthly saving account balance?
No matter which financial institution you're involved with - there will be contact details on your monthly statements ! Simply find the number or email address and ask them for a current balance.
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.
Which formula best expresses your monthly ending balance?
The formula that best expresses your monthly ending balance is: Ending Balance = Beginning Balance + Total Deposits - Total Withdrawals. This formula takes into account the starting balance for the month, adds any deposits made, and subtracts any withdrawals to calculate the final amount available at the end of the month.
How do you calculate finance charge?
multi the unpaid balance by the monthly interest rate
What is the fee for a savings account with Key Bank?
There is no monthly maintenance charge when you keep a daily balance of at least $300 on a basic savings plan. If your daily balance is lower than $300, then there will be a monthly service charge of only $4.
If monthly cash expenses are 150000.00 for 2007 and cash balance on Dec 31 2007 was 1550000.00 what is the ratio of cash to monthly cash expenses?
10.3
Define accumulated balance?
used for micro payments, similar to monthly telephone bills.
