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how to calculate the average balance. Allowed amount format are 5000056 and 50000056. No matter the length of time the formula for finding the average balance remains the same.
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Average MonthlyQuarterly Balance Calculator. To calculate the credit card average daily. Debit balances are taken as zero for MAB calculation.
Firstly you need to ascertain the account balance at the end of each day.
To calculate average daily balance take the sum of all these ending balances and divide by the number of days in your period. Average balance at the. You too can know your MAB. Monthly Average Balance Sum of closing balance for all days in a month Day 1 Day 2 Day 3.
