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11-01-2018
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When will the apr of a credit card be equal to its apy?

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Nymeria0418 Nymeria0418

25-01-2018

The APR of a credit card as well as the APY will be equal whenever the interest compounds annually. However, if the interest compounds a number of times greater than annually, the APY will be greater compared to the credit card APR.

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