How To Calculate A Revolving Charge Account?

Aisha answered

A revolving charge account refers to a charge account that does not have to be paid to zero balance. In business terms a revolving charge account is the account with a company for use in buying that company's goods with revolving credit . Here is a link which will help you with calculations:
dictionary.bnet.com

Anonymous answered

How do I calculate a revolving charge with opening amount of $5,000.00, interest at 27%, and payments of $500.00 per month?

How To Calculate A Revolving Charge Account?

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