How to Calculate Finance Charges by Previous Balance

Viewing videos requires the latest version of Adobe's Flash Player.
Get the latest Flash player.

Showing 1-5

Part of the video series: How to Operate an Accounting Calculator

Accounting Calculator Features

How to Calculate Finance Charge ...

How to Find the Installment Buyi...

Add to My Playlist What is a playlist?

Summary: Learn how to calculate finance charges using the previous balance with expert math tips in this free online accounting video clip.

Views: 1,713 | Tags: operate, work, math, accounting, calculator, calculators

Get the latest Flash player.

Email Video Add to Favorites

About the Expert

Joseph Salazar Joseph Salazar has been performing magic for almost his entire life. He became interested as a child after watching a movie about Harry Houdini, and began pr... read more

Hide Comments

Conversations About This Video

Comments
(0 comments)
Questions & Answers
(0 questions) (0 answers)

Be the first to comment on this video.

Have a question about this video topic? Ask our community members and let them share their knowledge with you!

Ask A Question

You must sign in to perform that task.

Log In Now!
Don't have an account? Click here to sign up for FREE!

Sign Up Now!
Already have an account? Click here to sign in.

Email Address:

Password:

Confirm Password:

Screen Name:

I would like to receive the Expert Village Video of the Day

Date of Birth:

Gender: Male Female

Country:

Zip/Postal Code:

Enter the letters you see below

What's This?

I agree to the terms of use and privacy policy.

Video Transcript

How to Calculate Finance Charges by Previous Balance

Hi I'm Joe Salazar with Expert Village. I'm going to show you to calculate finance charges on the accounting calculator. Finance charges calculated by the previous balance method. If the previous balance is 5,000 and the interest is 21%, this is the amount of interest that we would have owed. Let's put that in the memory. If the current balance is 6,000, we recall what's in the memory or put this in the memory with it. Then recall the memory and the result is on the screen and on the tape.