Class on Tuesday, March 29th is canceled. You should read the notes over the unpaid balance method and average daily balance method (slides 38 - 48) and try the homework. I will answer any questions you have on Thursday and we will start with annuities. The video below gives a nice example of how to use the average daily balance. Please watch the video to help you calculate the finance charge.
The next video below shows how to find the finance charge using the unpaid balance method.
Challenge Problem: Look up several credit card offers (at least 3). Describe the offers that you find. What benefits do they offer? How is the interest calculated? What is the interest rate? Describe the advantages and disadvantages to each card. Be sure to include links to your references.
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