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Author Question: Which of the following best describes how to calculate a monthly periodic rate? A) Divide the APR by ... (Read 256 times)

theo

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on: Jun 24, 2018
Which of the following best describes how to calculate a monthly periodic rate?
 A) Divide the APR by twelve and write as a decimal.
  B) Multiply the finance charge by twelve and write as a decimal.
  C) Multiply the APR by the number of days in the month and write as a decimal.
  D) Multiply the APR by twelve and write as a decimal.

Question 2

Which of the following is NOT considered a transaction on a credit card statement?
 A) payments made
  B) fees charged by the card company
  C) the statement closing date
  D) customer purchases and returns


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courtney_bruh

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

C


theo

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

CAPTAINAMERICA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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