Author Question: The _________________________ method is the most commonly used method for calculating the finance ... (Read 54 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
The ___________________ ______ method is the most commonly used method for calculating the finance charge on credit card balances.
 Fill in the blank(s) with correct word

Question 2

A credit card finance charge is found by multiplying the balance by the finance charge rate, or ___________________ _.
 Fill in the blank(s) with correct word



vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

average daily balance

Answer to Question 2

periodic rate



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

For a complete list of videos, visit our video library