How to use this tool
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
Calculation method
Period finance charge
balance*apr/100*days/basis+feesSimple average-daily-balance approximation. Does not reconstruct daily balance changes or compounding.
Simple average-daily-balance approximation. Does not reconstruct daily balance changes or compounding.
Enter your values and run the tool to see your result.
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
balance*apr/100*days/basis+fees