Question

I am taking business math, what is a focal date

Answer 1

heres an example
Interest for 1 month = amount owing * .05/12
504.58 * .05/12 * 7 = 14.72

Answer 2

so the end of 1 month would be my focal date

Answer 3

yes

Answer 4

When you get get your credit card statement, and it says you owe x amount by march 20,that would be my focal date

Answer 5

yes, your focal date is any date when all of something you owe is paid. or should be paid. so yes youre exactly right

Answer 6

thank you so much