How Is Your Credit Card APR Determined?
2:48
YouTubeCrazy About Credit Cards
How Is Your Credit Card APR Determined?
Ever wondered what goes into setting your credit card's Annual Percentage Rate (APR)? This video breaks down the key factors that credit card companies consider when determining your interest rate, helping you understand the numbers behind your plastic. Discover the essential elements influencing your credit card APR: Understand how your credit ...
6 hours ago
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⚠️Disclaimer: I’m using the standard formula for the future value of an ordinary annuity to show how compounding interest works. I’m not 100% sure if my calculations are correct, so if there are any mistakes, I apologize. The purpose of this video is to illustrate the power of compound interest. I’m open to corrections. Thank you. Formula Used: \t•\tFuture Value of an Ordinary Annuity: FV = P \\cdot \\frac{(1 r/n)^{n \\cdot t} - 1}{r/n} ⚡ Key Variables: \t•\tFV: Final amount at age 60 \t•\tP:
⚠️Disclaimer: I’m using the standard formula for the future value of an ordinary annuity to show how compounding interest works. I’m not 100% sure if my calculations are correct, so if there are any mistakes, I apologize. The purpose of this video is to illustrate the power of compound interest. I’m open to corrections. Thank you. Formula Used: \t•\tFuture Value of an Ordinary Annuity: FV = P \\cdot \\frac{(1 r/n)^{n \\cdot t} - 1}{r/n} ⚡ Key Variables: \t•\tFV: Final amount at age 60 \t•\tP:
TikTok1 week ago
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