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.
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A measure of the cost of credit expressed as a yearly interest rate.
Annual equivalent percentage rate.
0.04849%
The rate of change is the change divided by the original value. This answer, converted to a percentage is the percentage rate of change.
The Mosaik MasterCard is a card that is issued by Bank of Montreal. There are different rates offered depending on whether or not you pay an annual fee. The Mosaik card has a rate of 18.5% with no annual fee, and a rate of 11.4% with an annual fee of $25.