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Alex17521 [72]
1 year ago
8

As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction

type has the highest a.p.r.?
Business
1 answer:
barxatty [35]1 year ago
4 0

The transaction type which has the highest annual percentage rate (A.P.R) is the one that is triggered by late payment.

<h3>What is an A.P.R?</h3>

An A.P.R is acronym for annual percentage rate and it can be defined as the yearly rate of interest that is typically generated with respect to an amount of money borrowed by a person (borrower) from a financial institution or investor (lender).

Generally, a transaction type which would have the highest annual percentage rate (A.P.R) based on how the credit card is used, is the A.P.R that is triggered by a borrower's late payment.

Read more on interest here: brainly.com/question/24341207

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