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| Name | Average Daily Balance Method: Definition and Calculation Example |
| Video Uploader | Video From Simple Explain |
| Upload Date | This Video Uploaded At 12-12-2023 08:15:08 |
| Video Discription | The average daily balance method is a common way that credit card issuers calculate the interest charges cardholders have to pay. It is based on the card's outstanding balances on each day of the billing period. The method can take several different forms, including calculations made with or without compounding. Cardholders can use the average daily balance method to estimate their finance charges and make more informed decisions about their credit card usage. 2030 |
| Category | Education |
| Tags | Average Daily Balance Method |
