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15-03-2018
Computers and Technology

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

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jacobbowden102 jacobbowden102

15-03-2018

Prime rate + credit history (APEX)

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17-07-2018

Answer

Prime rate + credit history (APEX)

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)

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