What method is used to calculate the monthly finance charge for the 1st major credit card?
Saturday, August 28th, 2010What method is used to calculate the monthly finance charge for the 1st major credit card?
What method is used to calculate the monthly finance charge for the 1st major credit card?
I have $1,145 dollars on the card with an interest rate of 8.9%. What is the formula to calculate what my finance charge would be on that month? I am horrible at math, when I did it it came out to around $90 and if that is right then I will just take the money out of savings and pay it all off.
I never leave a balance on my credit card, so I’m not very familiar with how APR works. My APR is 13.99%. If I buy a $1400 laptop with my credit card and leave it on my credit card for one month (and then pay it off), how much interest will I have to pay that month?
ok so i have bad credit, cant get financed anywhere so might do in house financing.
The interest rate will be 24.5% on 30 months for
a 8000 vehicle with 2000 down(so really on 6000 loan). How do i calculate how much the finance company will be making off me?
I’m starting a small business, and I would like to offer financing to my customers, but I’m unsure of how to calculate monthly finance charges based on APR.
For instance, if I financed $700 at 20% APR over 24 months, how would I calculate a customer’s monthly bill?
Any help is appreciated! Thanks.