How many litters can a female rat have before she is done? If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.
Each card statement also has a payment due date, typically about 25 days from the closing date. A card cycle that closed on the 7th of the month may have a due date of the 2nd of the following month. If you pay the full statement balance by the due date, you are not charged interest. Many cards impose a fee for a late payment in addition to any interest on the unpaid balance.
Actual-over-365 (US Rule). The actual-over-365 method counts the number of days in the first period (between the loan date and the first payment due date), and then computes the first period interest charge by applying 1/365th of the annual rate for each day in the first period. Interest is accrued using the U.S. Rule. For each subsequent month, the actual number of days is counted between each payment due date and the next, and the interest charge for the period is computed by applying 1/365th of the annual rate for each day within the period (28, 29, 30 or 31 days).