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Goryan [66]
3 years ago
14

Which credit card feature determines the amount of interest paid on unpaid balances

Social Studies
1 answer:
timurjin [86]3 years ago
7 0

Answer:

The <u><em>annual percentage rate</em></u> of a credit card feature determines the amount of interest paid on unpaid balances.

A credit card's APR is an annualized percentage rate that is applied monthly—that is, the monthly amount charged that appears on the bill is one-twelfth of the annual APR. Most credit cards have several APRs attached. Different rates for cash advances and purchases are common.

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