'Average daily balance' presentation slideshows

Steps to Financial Success

1.14k views • 90 slides

What is Credit?

453 views • 45 slides

Chapter 07

Chapter 07. Choosing a Source of Credit: The Costs of Credit Alternatives. Chapter 7 Learning Objectives. LO7-1 Analyze the major sources of consumer credit. LO7-2 Determine the cost of credit by calculating interest using various interest formulas.

536 views • 36 slides

Section 10.4 Installment Buying

Section 10.4 Installment Buying. What You Will Learn. Upon completion of this section, you will be able to: Solve problems involving fixed installment loans. Solve problems involving open-ended installment loans. Installments.

318 views • 31 slides

Credit Card Traps and PowerPay Debt Reduction Program

Credit Card Traps and PowerPay Debt Reduction Program. When you invest, compound interest is your friend :-). When you pay interest on credit cards and loans, compound interest is your enemy :-(. The Other Side of Compound Interest. Background Statistics.

302 views • 30 slides

Recitation 09

Recitation 09. Online Quiz 5. Available from 8:00 am on Monday, Oct 21 until 5:00 pm on Friday, Oct 25 th under the Assessments tab on the Blackboard Learn. Covers: 2 videos 2 articles You can find the files under Assignments/Quizzes tab on course website

432 views • 28 slides

Consumer Mathematics

8. Consumer Mathematics. The Mathematics of Everyday Life. Consumer Loans. 8.3. Determine payments for an add-on loan. Compute finance charges on a credit card using the unpaid balance method. Consumer Loans. 8.3. Use the average daily balance method to compute credit card charges.

915 views • 20 slides

Standard 2: Objective 1 Travel and Tourism Marketing

269 views • 16 slides

Consumer Loans

Consumer Loans. MATH 102 Contemporary Math S. Rook. Overview. Section 9.3 in the textbook: Add-on interest method Unpaid balance method Average daily balance method. Add-On Interest Method. Add-On Interest Method.

362 views • 16 slides

4-6 AVERAGE DAILY BALANCE

4-6 AVERAGE DAILY BALANCE. OBJECTIVES. Calculate the average daily balance using the credit calendar. Calculate the finance charge using the credit calendar. average daily balance credit calendar. Key Terms. Example 1.

68 views • 6 slides

Ending Balance vs. Average Daily Balance

Ending Balance vs. Average Daily Balance . Where do they get that finance charge from anyway?. Ending Balance. Finance charges are computed on the basis of your ending balance as of the statement date. Use a periodic interest of 1.5%(____ for 12 mo). Average Daily Balance.

395 views • 5 slides

Savings Project

Savings Project. By: Lexi Kahler. Chase Bank. Chase Total Checking Minimum daily balance required- No minimum daily balance required Fees charged- $12 a month (waived if direct deposit totals $500 or more, a $1,500 minimum daily balance, or $5,000 linked in deposits) Interest earned- none

274 views • 5 slides