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Periodic Rate |
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Periodic rate The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month. Periodic Rate The cost of funds or interest rate for a single month instead of an entire year. For example, if the APR on a credit card is 36%, the periodic rate is 3% because the card holder pays 3% in interest each month. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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