Respuesta :
The method which sums the outstanding balances owed each day during the billing period and divides by the number of days in the period is the average daily balance method.
In order to calculate finance charges, the average daily balance method uses the balance on each day of the billing period, rather than an average balance throughout the billing period.
This method totals each day's balance for the billing period and then divides by the total number of days in the billing period. Then, this balance is multiplied by the monthly interest rate to assess the customer's finance charge.
Hence, the adjusted balance method is an accounting method.
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