Average Daily Balance
Click on the link below to download a document: “Credit Cards and Installment Buying” by Erie Community College. This reading shows an example of an Average Daily Balance Method of Determining Interest Rate using credit cards and installment buying to illustrate its points.
- Credit Cards and Installment Buying
Licenses & Attributions
CC licensed content, Original
- Mathematics for the Liberal Arts I. Provided by: Extended Learning Institute of Northern Virginia Community College Located at: https://online.nvcc.edu/. License: CC BY: Attribution.
CC licensed content, Shared previously
- Image of blue i. Authored by: OpenClipArtVectors. License: Public Domain: No Known Copyright.
