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6 July, 21:19

When a lender charges interest, it is known as:

A. Annual Percentage Rate (APR)

B. Surplus

C. Deficit

D. Drawbacks

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  1. 6 July, 21:45
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    When a lender charges interest, it is known as: A. Annual Percentage Rate (APR) The annual percentage rate is the rate of interest lenders such as credit card companies use when charging interest on borrowed funds from their users. The annual percentage rate is divided by the 12 months in the year and then charged each month on the finances that are not paid off.
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