Which of the following best describes how to calculate a monthly ...

[theo]

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

[courtney_bruh]

Answer to Question 1

A

Answer to Question 2

C

[theo]

Thanks for the timely response, appreciate it

[yeungji]

Gracias!