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Answered

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Which of these is not a method used to calculate finance charges?


a.
adjusted balance
b.
average daily balance
c.
usual balance
d.
previous balance

Sagot :

Answer:

✅ C. usual balance

i got it right on test

View image joslynleyva
MrRoyal

The usual balance is not a method of finance charge

What is finance charge?

Finance charge is simply a way a lender is compensated.

There are several methods of finance charge; these methods include

  • Average daily balance
  • Daily balance
  • Two-cycle billing
  • Previous balance

From the above options, we can see that the usual balance is not a method of finance charge

Read more about finance charge at:

https://brainly.com/question/4403314

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