Business, 09.09.2020 20:01 jetblackcap

Examine the credit terms below: Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 0% introductory APR for 10 months. After that, your APR will be 10.99%, 15.99%, or 17.99%, based on your creditworthiness. This APR will vary with the market, based on the Prime Rate. What happens to the APR after 10 months?

A) It decreases to 0%.

B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.

C)The credit terms do not specify how the rate will change.

D)There is no change to the interest rate.

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