APR Finance Charge Questions

[Anonymous]

credit caculate interest just like a savings account that is compound daily , the diffrnce is you paying, APY= earn APR = pay

[MarineVietVet]

I also found this in my BoA statement:

Periodic Rate Finance Charges accrue and are compounded on a daily basis.

Ok it's time to move on.

Message Edited by marinevietvet on 12-18-2009 03:41 PM