Posts Tagged ‘Finance Charge’

 

What is the total amount of finance charge paid at the end of 40 months?

Sunday, April 3rd, 2011
keehS asked:


Neal Diamond bought a new van for $10,000. Neal put down $1,000 and paid $275 monthly for 40 months. What is the total amount of finance charge that Neal paid at the end of 40 months?

 

How to avoid finance charge on Credit card every month?

Monday, December 14th, 2009
Troy asked:


I have $2500 outstanding balance on my credit card and I don’t want to pay it all at once. If I stop using this card and don’t make any purchases, will I avoid a finance charge every month?

 

How do I calculate a monthly finance charge?

Sunday, September 6th, 2009
marbledog asked:


I’m starting a small business, and I would like to offer financing to my customers, but I’m unsure of how to calculate monthly finance charges based on APR.

For instance, if I financed $700 at 20% APR over 24 months, how would I calculate a customer’s monthly bill?

Any help is appreciated! Thanks.

 

How often do you get finance charges?

Wednesday, May 27th, 2009
Chrystal M asked:


I have an account with Dell and so far there is about $3000 charges on it and I have a finance charge of about $170. Will I get charged about the same every month or every year?

 

What exactly is a finance charge, and under what circumstances will I need to pay one?

Sunday, December 28th, 2008
X-Malleus asked:


Pretty much exactly what the main question says. I have no idea what a “finance charge” is. For instance, would I be charged a finance charge if I charged a purchase, and then paid the balance immediately?

Any additional information that could be given would be great, as I’m considering getting my first credit card, and want to know everything I can so that I don’t get myself into trouble.