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Which of the following is used by credit card companies to determine APR?

2 Answers

6 votes
Prime rate + credit history (APEX)
User Fraser Harris
by
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3 votes

Answer

Prime rate + credit history (APEX)

Step-by-step explanation

APR is the annual percentage rate of charge.

on credit cards this is the interest rate which is the price you pay for borrowing money .

it is calculated as prime rate +credit history(APEX)



User Wesley Van Opdorp
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6.1k points