Assignment: Average Daily Balance
Click on the link below to download the assignment: “Credit Cards and Installment Buying” from Erie Community College. This assignment shows an example of an Average Daily Balance Method of Determining Interest Rate using credit cards and installment buying to illustrate its points. You will be asked to read a short passage describing how credit card interest is calculated that includes an example. Please complete the two practice problems provided.Licenses & Attributions
CC licensed content, Shared previously
- Average Daily Balance. Authored by: Lippman, David. License: CC BY: Attribution.
