Monday, August 3, 2009

How do you calculate a finance charge?

How do you determine how much your finance charge is going to be according to the balance that you have on an account?

How do you calculate a finance charge?
Here is a website that will explain this question in detail. Hope it helps
Reply:Take the % finance charge the institution charges and multiply it on your outstanding balance owed.





4%x $2,000=$80.00


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