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How Credit Card Interest Works - The Calculation Explained

YouTubeSasha Yanshin

How Credit Card Interest Works - The Calculation Explained

Do you understand how your credit card company calculates interest and exactly how the APR or annual interest rate is used on your monthly statements? In this video I go through the exact way that credit cards calculate interest, how it applies to your balance and the key mathematical calculations you will need to make if you want to figure out ...

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