MOM WANT TO KNOW

lisia

New member
Joined
Nov 1, 2005
Messages
10
the finance charge if any is based on previous balance before payments or credit are deducted
THE Rates ARE 15% PER MONTH UP TO 1,000 AND 1.25 % PER MNTH ON THE EXCESS OF 1,000. annual percent rate of 18% and 15% , respectively . there is no finace chrge if the full amnt of the new balance is paid with in 30 days aftr the billing cycle closing date compute the balance for the account

previous balance 991.39
payment 675.00
purchase 96.21
credit 84.55
finace charge is
 
Just follow the instructions. Since there is no mention of "full payment" having been made, find the "previous balance" amount, and apply the appropriate finance-charge rate.

Where are you stuck?

Eliz.
 
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