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Annual Percentage Rate (APR)

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13y ago

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Related Questions

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 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.


Which description defines the term APR?

it is the yearly rate of interest that you pay for credit card use.


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 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 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 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.


Can you explain what the term "credit card APR" means?

The term "credit card APR" stands for Annual Percentage Rate, which is the interest rate charged on any outstanding balance on a credit card. It represents the cost of borrowing money through the credit card and is expressed as a yearly percentage.


What is charge on credit card per day?

1/365 of the Annual Percentage Rate


What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2?

$39.59