Account History - KC

Which of the following is not included on computing simple interest?

• Days Elapsed

• Principal Balance

• Days Past Due

• Interest Rate

How many months can regular payments cover and be applied systematically?

• 3 months

• As per customer request

• 1 month only

• 1 year

What does per diem mean?

• Per Payment

• Daily Interest

• Interest Accrued

• Monthly Payment

How many days between Sept 24, 2023 - October 30, 2023, do we use on computing interest?

• 33 days

• 31 days

• 36 days

• 37 days

When an overage is listed on the Payment Variance section, it is also included in___________.

• the Principal Balance

• the late charges

• the Original Balance

• Interest Accrued

The due date will change once the customer has paid ____% of their monthly payment.

• 60

• 90

• 75
• 100

The due date can be changed as requested, except if?

• account is 5 days past due.

• one payment is posted.

• account is 10 days past due.

• no payment is posted

How much is the applied principal payment from the information given below?

Days elapsed: 23 days (365 days)

Regular payment: $360.25

Interest Rate: 4.71%

Remaining Principal Balance: $15, 960.25

• $312.89

• $313.00

• $213.90

• $312.88

Which of the following is not true about ALP?

• can be set up online

• can put excess to principal

• can be modified online

• can be changed maximum 3 days prior draft date

How many (maximum) days after payment can customers request reapplication?

• 15 days
• 60 days
• 30 days
• 90 days