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The annual percentage rate on a credit car determines_____

elsiedollawesom: A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

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Annual Percentage Rate Formula — Annual Percentage Rate Formula

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