This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which method for calculating finance charges will result in lower finance charges if you pay your ... (Read 135 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 24, 2018
Which method for calculating finance charges will result in lower finance charges if you pay your bill earlier in the billing cycle?
 A) adjusted balance method
  B) average daily balance method
  C) previous balance method
  D) none of the above

Question 2

Which of the following is the most common method for calculating finance charges on a credit card?
 A) adjusted balance method
  B) average daily balance method
  C) mean balance method
  D) previous balance method


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

scientific method scientific method
The lower respiratory tract The lower respiratory tract
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
Basic sliding effleurage to the lower leg. Apply from heel of foot to knee. Conform hands to contour ... Basic sliding effleurage to the lower leg. Apply from heel of foot to knee. Conform hands to contour ...
Pulmonary Congestion, which May Result from Congestive Heart Failure Pulmonary Congestion, which May Result from Congestive Heart Failure
Phenotype patterns in the F2 of a dihybrid cross that result from epistatic gene interaction Phenotype patterns in the F2 of a dihybrid cross that result from epistatic gene interaction
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library