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Which method of calculating finance charge results in the lowest finance charge? a. average daily balance b. previous balance c. ending balance d. adjusted balance

Which method of calculating finance charge results in the lowest finance charge? a. average daily balance b. previous balance c. ending balance d. adjusted balance
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2 votes
Which method of calculating finance charge results in the lowest finance charge?

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

asked
User Xdeleon
by
8.8k points

1 Answer

4 votes

Answer: d. adjusted balance

answered
User Kanchon Gharami
by
8.5k points
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