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Alenkasestr [34]
3 years ago
6

Why is the finance charge important to consider when shopping for credit?

Chemistry
1 answer:
IRISSAK [1]3 years ago
5 0
The correct option is C.
Finance charge on credit card refers to the interest you pay for borrowing money when you are using a credit card. It is the interest you are charged on the debts you owe and sometimes it might include other charges such as penalty fees for late payment. Individual finance charge is usually calculated using the the person APR [Annual Percentage Rate], amount of debt owe and the time period been considered. The higher your debts, the higher your finance charge.
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