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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%.
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage 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 calculated by using a standard formula to show the cost of a loan?
annual percentage rate
What is used to calculate by using standard formula to show the cost of a loan?
annual percentage rate
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+
Which of these describes the annual percentage rate?
the amount of finance fee that is charged on the loan for each year
What describes the Annual Percentage Rate?
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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%.
How the annual percentage rate measures the true cost of a loan?
how the annual percentage rate measures the true cost of a loan
What is the definition of an APR?
Annual Percentage Rate.
What is the annual percentage rate of visa?
It is 17.99%
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
What does the acronym APY mean?
Annual Percentage Yield. It means expresses an annual rate of interest taking into account the effect of compounding . It is always greater than or equal to the Annual Percentage Rate [APR]
