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kolbaska11 [484]
3 years ago
6

1. What is an annual percentage rate?

Business
1 answer:
Maksim231197 [3]3 years ago
6 0
A credit card's interest rate<span> is the price you pay for borrowing money. For credit cards, the interest </span>rates <span>are typically stated as a yearly </span>rate. This is called the annual percentage rate<span> (</span>APR<span>). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

Hope this helps! :)</span>
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