Can someone explain to me how the APR works, and in case I purchase a MacBook Air 512ssd with the monthly card, how much will I be charged monthly for the same

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Level 1

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Can someone explain to me how the APR works, and in case I purchase a MacBook Air 512ssd with the monthly card, how much will I be charged monthly for the same

Can someone explain to me how the APR works, and in case I purchase a MacBook Air 512 ssd with the monthly card, how much will I be charged monthly for the same

Posted on Nov 22, 2020 7:38 PM

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Answer 1

John Galt

Level 10

155,342 points

Nov 22, 2020 8:15 PM in response to yamini5892

APR is the annual percentage rate you agree to pay for the credit extended to you.

To determine a monthly rate, divide it by 12. Multiply the result by your outstanding balance and that's what you pay for the interest on that outstanding balance.

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Can someone explain to me how the APR works, and in case I purchase a MacBook Air 512ssd with the monthly card, how much will I be charged monthly for the same

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