METHOD OF CHARGING INTEREST. Interest Start Date Annual Interest Rate % fixed for the whole term of this contract Total Interest Charges $ Interest charges are calculated daily by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your account monthly.
Appears in 3 contracts
Samples: Business Marine Credit Agreement, Consumer Choices Finance Agreement, Consumer Choices Finance Agreement
METHOD OF CHARGING INTEREST. Interest Start Date Annual Interest Rate % fixed for the whole term of this contract Total Interest Charges $ Interest charges are calculated daily by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your account monthly. Total interest charges $ This is the total amount of the interest charges payable under this contract based on the current interest rate and the initial unpaid balance, each of which may change.
Appears in 2 contracts
Samples: Credit Agreement, Business Variable Rate Credit Agreement
