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How Credit Card Interest Is Calculated (Video)

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When a card's APR is divided by 12 (to get a month-to-month fee), and that charge is multiplied by an account's common each day steadiness, it ends in the curiosity charges that must be paid when cardholders carry a balance on their bank card. https://slashdot.org/submission/9421078/the-ugly-side-of-instant-money-loans

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