21801esmyth 21801esmyth
  • 10-11-2017
  • Mathematics
contestada

Interest charged when you miss a payment is called _____.

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animegirl2193oy1dst animegirl2193oy1dst
  • 10-11-2017
i believe it is accrued interest 
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emileeelizabeth emileeelizabeth
  • 10-11-2017
Left unresolved, a missed payment might turn into a costly blunder thanks to the combination of a late fee and any interest charged on the balance. Keep in mind that most credit card companies charge interest on a daily basis, so you'll be charged interest for each day you carry a balance.

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