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does wallstreet journal charge a prime rate?
The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.
What does the best credit card rate mean in practice?
The best credit cared rate means that the APR is low and does not charge much yearly. It is a standard way to say how much the credit card would cost and explain the annual percent rate.
Does Wall street Journal charge a prime rate?
The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.
What is the term for the interest charged by the credit card company or the business that maintains the charge account?
The term for the interest charged by a credit card company or the business that maintains a charge account is called the "annual percentage rate" (APR). This rate represents the cost of borrowing on the account, expressed as a yearly interest rate. It can vary based on the cardholder's creditworthiness and the terms of the account.
What does APR mean on a credit card?
APR stands for Annual Percentage Rate on a credit card. It is the interest rate charged on any outstanding balance on the card, expressed as a yearly percentage.
.What is the term referring to the rate of yearly interest for your credit card is commonly known as?
The term referring to the rate of yearly interest for your credit card is commonly known as the Annual Percentage Rate (APR). This rate represents the cost of borrowing on the card expressed as a yearly percentage, including any fees or additional costs associated with the credit. A higher APR indicates a more expensive borrowing cost, while a lower APR is generally more favorable for consumers.
Which description defines the term APR?
it is the yearly rate of interest that you pay for credit card use.
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2.?
To calculate the finance charge, multiply the credit card balance by the monthly interest rate. For a balance of $3,299.19 at a monthly rate of 1.2% (0.012), the finance charge is: Finance Charge = $3,299.19 × 0.012 = $39.59. Therefore, the finance charge for that month is approximately $39.59.
How to convert a yearly interest rate to a monthly interest rate?
To convert a yearly interest rate to a monthly interest rate, divide the yearly rate by 12. This will give you the equivalent monthly interest rate.
What is the yearly interest rate on a Target credit card?
Credit card rates vary greatly depending on individual circumstances. The annual rate of interest on a Target Red credit card is about 22.9%. In some circumstances, one can get a discount rate if one pays off the amount owing on the card each month.
What does APR stand for in reference to a credit card?
APR stands for annual percentage rate in reference to a credit card. An annual percentage rate is the rate companies or banks charge when one uses a credit card.
What is the current yearly interest rate for a month for the rate of 0.6?
The current yearly rate comes out to be 7.2 percent.
