Kopitam Clutched January 19, 2010 Share January 19, 2010 WISE UP TO THESE CREDIT TERMS Minimum balance: The minimum amount a credit-card holder is required to repay in each billing period. He can pay more than the minimum amount due. However, if he pays less than the minimum amount, the credit-card issuer might impose a penalty. Annual percentage rate (APR): The amount you pay in interest charges per year. Most credit-card issuers charge an APR of 3 to over 30 per cent, so read the fine print before signing up for a card. Compound interest: Interest that is added to the principal amount, so the interest that has been added also earns interest. For instance, a person who has a $100 loan (the principal) with 1 per cent monthly interest has to pay $101 at the end of the first month. Failure to do so means he pays $102.10 at the end of the second month. The longer he delays payment, the more he will have to fork out. ↡ Advertisement Link to post Share on other sites More sharing options...
Kanchelsk 2nd Gear January 19, 2010 Share January 19, 2010 legal ah long... Link to post Share on other sites More sharing options...
King 1st Gear January 20, 2010 Share January 20, 2010 can write in figure and demo? english like tat cannot understand ↡ Advertisement Link to post Share on other sites More sharing options...
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