what's the difference in periodic rate and corresponding arp ?

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I'm just wondering what the differnce is cause i seen it on my statement.Per. rate is 1.17 and corr. ARP is 14.15 is that good or bad?

2007-03-07 12:18:05 · 1 answers · asked by Scott F 1 in Business & Finance ➔ Credit

APR is the annual rate. Periodic rate is the rate per billing period. For credit cards the billing period is usually 1 month.

2007-03-07 12:30:17 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋