If creditors add finance charges after subtracting payments made during the billing period,then this is called the:
A)APR method.
B)discount method.
C)previous balance method.
D)adjusted balance method.
E)average daily balance method.

Question

Quizplus · Accepted Answer

The adjusted balance method calculates finance charges based on the account balance remaining after payments have been subtracted, without considering new purchases during the billing period.

If Creditors Add Finance Charges After Subtracting Payments Made During