Compare and contrast the average, previous, and adjusted balance methods
What will be an ideal response?
Answer: The average daily balance method calculates interest by summing the outstanding balances owed each day during the billing period and dividing by the number of days in the period. The previous balance method simply bases interest on the outstanding balance at the end of the previous billing period. Interest is calculated using the adjusted balance method by charging against the balance at the end of the previous billing period less any payments and returns made.
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The Disney Corporation has marketed its facility in France somewhat differently than its United States facilities in order to appeal to the European consumer. This type of strategy is known as __________ model.
A. Domestic B. International C. Multinational D. Transnational E. Global
The two most common types of two-step mortgages are the 8/22 and 12/18, in which lenders offer a lower interest rate for the first 8 or 12 years and then adjust the rate for the remaining 22 or 18 years
Indicate whether this statement is true or false.