Sentences with phrase «calculate monthly interest charges»

The mathematical formula used to calculate monthly interest charges is the same for most card companies: average daily balance x periodic daily interest rate x number of days in a billing cycle.

Not exact matches

Enter your credit card balance, interest rate and a monthly payment amount, then hit Calculate to see how long it would take to pay off your balance if you made that same payment every month (assuming you stopped putting new charges on the card, of course).

While interest rates are calculated on an annual basis, they are annualized over the year and charged on a monthly basis.

The interest on the overnight balance is calculated daily and is charged on a monthly basis.

Interest is charged on the borrowed amount (calculated daily, charged monthly).

Interest is a fee charged by the creditor, calculated monthly or annually, and expressed as an interest rate, or percentage of the prInterest is a fee charged by the creditor, calculated monthly or annually, and expressed as an interest rate, or percentage of the printerest rate, or percentage of the principal.

Important to understand, I calculate my monthly net interest amount to be interest received less any charge - offs, defaults, and services fees in the given period.

We modeled credit card payments and interest charges and calculated the interest charges on a month - by - month basis, using a monthly periodic rate to approximate interest charges (APR / 12).

Assumptions: $ 50,000 loan at age 60, no regular withdrawals, interest rate of 10 % calculated and charged monthly, $ 1200 establishment fees, $ 9 monthly fees added to loan balance.

We calculate a portion of your Interest Charge by multiplying a Monthly Periodic Rate by your Average Daily Balance of Purchases (including new Purchases for which there is no grace period), and by multiplying a Daily Periodic Rate by your Average Daily Balance of Cash Advances (including new Cash Advances).

We calculate a portion of the Interest Charge on your Credit Account by applying a Monthly Periodic Rate to the «Average Daily Balance of Purchases» on the Account (including new Purchases for which you do not have a grace period).