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 88 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
Gracias!

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Exercises to improve circulation to the lower extremities. Exercises to improve circulation to the lower extremities.
Bones of the lower extremity. Bones of the lower extremity.
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Knead accessible lower leg muscles; alternate with effleurage. Knead accessible lower leg muscles; alternate with effleurage.
Calculating the coefficient of inbreeding (F) for the offspring of a first cousin marriage Calculating the coefficient of inbreeding (F) for the offspring of a first cousin marriage
GIC Options (Finance) GIC Options (Finance)
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library