Consumer Credit and Banking 1.1 2008/05/16 17:06:23.740 GMT-5 2008/05/16 17:14:51.056 GMT-5 Rudy Lopes rudyl@college-cram.com Rudy Lopes rudyl@college-cram.com average daily balance business math college-cram credit card interest interest rate rule of 78 Concepts in consumer credit and banking are explained in this series of tutorials. About Interest Rates -- The topic of interest rates are more complicated than you might think. This tutorial covers the relevant terminology, including APR, APY, and the yield curve.Average Daily Balance -- The Average Daily Balance is the total of the balance at the end of each day during a period divided by the number of days in the period. Learn how to calculate average daily balance (ADB) in this tutorial.Balancing Your Checkbook -- Balancing your checkbook is little more than making certain you and the bank both agree on what's happened to your bank account each month. Learn how to balance your checkbook with this helpful tutorial.Rule of 78 -- The Rule of 78 is a method of allocating interest charges for the life of a loan. Learn how the Rule of 78s works in this tutorial.