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The monthly interest on most credit cards accounts is calculated by O multiplying the periodic rate times the average daily balance. dividing the total of

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The monthly interest on most credit cards accounts is calculated by O multiplying the periodic rate times the average daily balance. dividing the total of all outstanding balances owed each day during the period by the number of days in the billing period O multiplying the APR times the ending balance. O multiplying the APR times the average daily balance

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