A credi card company uses your average daily balance to compute your finance charge you charge 100 on may 2nd and 200 on may 20th what is your average daily balance?
Take the account balance at the end of each day's business. Add all of these balances and divide by the number of days.
Answer
Average Daily Balance is the practice of crediting an account from the...
Yes. After a judgment has been made, the defendant(s) have a specific period of time to meet the financial terms of the judgment. If they do not, the plaintiffs may collect a fair interest rate on...