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Which of these describes the annual percentage rate?

Cole Hollingsworth ∙

Lvl 1

∙ 4y ago

Updated: 12/26/2023

the amount of finance fee that is charged on the loan for each year

monique robles ∙

Lvl 14

∙ 1y ago

What else can I help you with?

Related Questions

What describes a annual percentage rate?

A measure of the cost of credit expressed as a yearly interest rate.

What describes annual percentage rate?

An annual percentage rate is the average percentage change over a period of a year. The percentage change is the change divided by the initial value, expressed as a percentage.

What of these describes annual percentage rate?

A measure of the cost of credit expressed as a yearly interest rate A+

What describes the Annual Percentage Rate?

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What is the effective annual rate (EAR) if the annual percentage rate (APR) is 5 and compounding is quarterly?

The effective annual rate (EAR) is 5.09 when the annual percentage rate (APR) is 5 and compounding is done quarterly.

What is the maximum annual percentage rate for visa?

The annual percentage rate may vary but it can be increased to an 18% APR.

What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?

The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.

What is the formula for calculating the effective annual rate (EAR) when using the annual percentage rate (APR)?

The formula for calculating the effective annual rate (EAR) when using the annual percentage rate (APR) is: EAR (1 (APR/n))n - 1 Where: EAR is the effective annual rate APR is the annual percentage rate n is the number of compounding periods per year

How the annual percentage rate measures the true cost of a loan?

how the annual percentage rate measures the true cost of a loan

How can I calculate the monthly percentage rate for a loan or investment?

To calculate the monthly percentage rate for a loan or investment, you can use the formula: Monthly Percentage Rate (Annual Percentage Rate / 12). This formula divides the annual rate by 12 to determine the monthly rate.

What is the quarterly interest rate if the annual percentage rate is 7 with monthly compounding?

The quarterly interest rate with monthly compounding for an annual percentage rate of 7 is approximately 1.75.

What is the annual percentage rate of visa?

It is 17.99%

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