Ask Question
BusinessBusiness
7 March, 19:03

What does the annual percentage rate on a credit card determine?

+3
Answers (1)
  1. 7 March, 19:29
    0
    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, 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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What does the annual percentage rate on a credit card determine? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Have a great day! and 78 pts!
Answers (1)
Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where Sandy can make 6 tables or 18 chairs.
Answers (1)
A scientific paper that has passed through the peer review process is more respected than one that has not. Why might a scientist value a peer-reviewed paper? A. The analysis of the experimental results is guaranteed to be entertaining. B.
Answers (1)
Salter Mining Company purchased the Northern Tier Mine for $91 million cash. The mine was estimated to contain 1.88 million tons of ore and to have a residual value of $6.4 million.
Answers (1)
A manager that is establishing objectives is performing which management function?
Answers (1)
New Questions in Business
The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 5 years. The company uses a discount rate of 12% in its capital budgeting.
Answers (1)
Are there public functions that might benefit from more competition, including competition from private firms?
Answers (1)
Why do multi-national hotel groups prefer local citizens to serve in top-level - management positions? The salaries to local managers will be lower. It is easier to find well-trained and high â quality managers locally.
Answers (1)
Using the information below, compute the raw materials inventory turnover: Raw materials used $ 85,500 Beginning raw materials inventory 8,000 Ending raw materials inventory 9,000 Multiple Choice: A. 11.02. B. 382.02. C. 10.06. D. 9.94. E. 9.50.
Answers (2)
In specialized fields, technical knowledge is more important to employers than communication skills when deciding whom to hire and promote. (A) True (B) False
Answers (1)
Home » Business » What does the annual percentage rate on a credit card determine?
Sign Up Forgot Password?