Business Math Ch 7 Vocab

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Across
  1. 3. credit extended to a consumer allowing the consumer to buy goods or services from a particular company and to pay for them later
  2. 5. A fee for borrowing money, added to a monthly credit card bill.
  3. 6. An interest rate applied to your balance to calculate the finance charge.
  4. 7. An arrangement to receive cash, goods, or services now and pay for them in the future.
Down
  1. 1. A method of computing finance charges that uses a weighted average of the account balance throughout the current billing period.
  2. 2. Money available in bank account
  3. 4. computing the finance charge on a credit account based on the portion of the previous monthly balance you have not paid