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Subject / Started by	Replies / Views	Last post
When interest on an investment is calculated more than once a year, this is known as simple interest. Started by ETearle	1 Replies 90 Views	Feb 26, 2020 by joechoochoy
When interest is added to the principal and interest is again calculated on the new balance, the ... Started by lilldybug07	1 Replies 549 Views	Feb 26, 2020 by maaaaaaaaaa
Simple interest is interest earned on interest. Started by 123654777	1 Replies 222 Views	Feb 26, 2020 by ynlevi
Which of the following statements is true regarding the unpaid or previous month's balance method: Started by JGIBBSON	1 Replies 133 Views	Feb 26, 2020 by abro1885
When using the unpaid or previous month's balance method: Started by RRMR	1 Replies 82 Views	Feb 26, 2020 by Sophiapenny
Chaundra has a credit card with a monthly rate of 1.3% .The account applies the unpaid balance ... Started by casperchen82	1 Replies 105 Views	Feb 26, 2020 by krakiolit
James has a credit card with a monthly rate of 1.2%. The account applies the unpaid balance method. ... Started by MGLQZ	1 Replies 81 Views	Feb 26, 2020 by cassie_ragen
Susan has a credit card with a monthly rate of 1.2%. The account applies the unpaid balance method. ... Started by clmills979	1 Replies 97 Views	Feb 26, 2020 by mmj22343
When calculating the average daily balance, cash advances are: Started by ec501234	1 Replies 44 Views	Feb 26, 2020 by covalentbond
Open-end loans are also known as: Started by james	1 Replies 58 Views	Feb 26, 2020 by xiazhe
Loans in which there is no fixed number of payments and the interest is calculated on the unpaid ... Started by future617RT	1 Replies 79 Views	Feb 26, 2020 by brittrenee
To find the finance charge using the average daily balance method, a month is always considered to ... Started by 2125004343	1 Replies 96 Views	Feb 26, 2020 by lorealeza
The average daily balance is equal to the sum of the daily balances divided by the number of days in ... Started by panfilo	1 Replies 94 Views	Feb 26, 2020 by nhea
The average daily balance is the same as the average balance. Started by Chelseaamend	1 Replies 82 Views	Feb 26, 2020 by catron30
The billing cycle of an open-end credit account is always 30 or 31 days. Started by beccaep	1 Replies 51 Views	Feb 26, 2020 by honnalora
On June 1, the unpaid balance in an account was $162. On June 12, a payment of $60 was made. The ... Started by shofmannx20	1 Replies 89 Views	Feb 26, 2020 by cadimas
On September 1, the unpaid balance in an account was $147. On September 5, a payment of $20 was ... Started by acc299	1 Replies 97 Views	Feb 26, 2020 by cat123
Find the monthly interest rate. What is the monthly interest rate if an annual rate is 16.6%? Started by Charlie	1 Replies 172 Views	Feb 26, 2020 by shaquita
The rebate amount is equal to the rebate fraction: Started by plus1	1 Replies 93 Views	Feb 26, 2020 by Cheesycrackers
The refund fraction on a 24 month loan that is paid off with 4 months remaining is: Started by corkyiscool3328	1 Replies 79 Views	Feb 26, 2020 by rachel
A fraction that shows what portion of the total finance charge has not been paid at the time a loan ... Started by kwoodring	1 Replies 162 Views	Feb 26, 2020 by shoemake
The numerator of the rebate fraction is the number of months remaining on a loan. Started by burton19126	1 Replies 64 Views	Feb 26, 2020 by brittanywood
When calculating the payoff amount on a loan, the first step is to calculate the interest ... Started by chads108	1 Replies 74 Views	Feb 26, 2020 by ririgirl15
The Rule of 78 got its name from the sum of the number of parts of accruing interest for a 12-month loan. Started by oliviahorn72	1 Replies 56 Views	Feb 26, 2020 by TheNamesImani
The refund fraction is the sum of the number of months remaining divided by the sum of the number of ... Started by armygirl	1 Replies 75 Views	Feb 26, 2020 by CharlieArnold

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