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change the percent to a decimal
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What should be the first step in calculating a monthly credit card finance charge?
change the percent to a decimal
What should be the first step in calculating a monthly credit card finance change?
The first step in calculating a monthly credit card finance charge is to determine the average daily balance of the account for the billing cycle. This involves adding the daily balances for each day in the billing period and dividing by the number of days in that period. Once you have the average daily balance, you can then apply the card's annual percentage rate (APR) to find the monthly finance charge.
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.
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
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 should be the first step in calculating a monthly credit card finance charge?
change the percent to a decimal
What should be the first step in calculating a monthly credit card finance change?
The first step in calculating a monthly credit card finance charge is to determine the average daily balance of the account for the billing cycle. This involves adding the daily balances for each day in the billing period and dividing by the number of days in that period. Once you have the average daily balance, you can then apply the card's annual percentage rate (APR) to find the monthly finance charge.
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.
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
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%.
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
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
$39.59
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
