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Average Daily Balance Method

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11y ago

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Related Questions

Which method for calculating credit card balances is best for consumers who make large payments?

Adjusted


Which method for calculating credit card is best for consumers who make large payments?

Adjusted


Which method for calculating a credit card does not take into account the purchases or payments made during the current billing cycle?

adjusted balance method ; apex


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A business credit assessment is a method of calculating the creditworthiness of a business. Most lenders will complete a business credit assessment to determine whether or not to extend a loan.


Which method for calculating a credit card balance does not take into account the purchases or payments made during the current billing cycle?

Adjusted balance method APEX


Which method for calculating a credit card balance takes into account both the purchases and the payments made during the current billing cycle?

Average Daily Balance Method


Which method for calculating a credit card balance does not take into account the purchases or the payments made during the current billing cycle?

Adjusted balance method APEX


If the finance charge for November is 3.82 which method of calculating the finance charge does Dennis and credit card company use?

If the finance charge for November is $3.82, it suggests that the credit card company likely uses the average daily balance method or the adjusted balance method. These methods are common for calculating finance charges, as they take into account the balance over the billing cycle rather than just the end-of-cycle balance. This allows for a more accurate reflection of interest based on the actual usage of the credit card during the month. However, without more specific details about how the balance was calculated, it's difficult to determine the exact method used.


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What method for calculating credit card balance does not take into account the purchases or the payments made during the current billing cycle?

The method for calculating credit card balance that does not account for purchases or payments made during the current billing cycle is the "previous balance method." This approach simply uses the balance carried over from the previous billing cycle, disregarding any transactions that occurred in the current cycle. As a result, it may not accurately reflect the current amount owed if there have been significant purchases or payments.


It is a calculating method in MS excel?

Formulas and Functions.