What Is The Daily Balance Method For Calculating Interest

What is the daily balance method for calculating interest

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Read a related article: How Credit Card Interest is Calculated

Read another related article: What Are The Benefits to Calculating Your Daily Interest Rate?

Enter both your Balance and APR (%) numbers below and it will auto-calculate your daily, monthly, and annual interest rate.

Balance $
APR (%)  
Days in Month  
Days in Year  
Interest Per Day $
Interest Per Month $
Interest Per Year $

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