How to calculate the interest rates on your credit card and the time it will take to pay off the debt?

As planned, the Federal Reserve raised interest rates for the first time since December 2018, this amid soaring inflation coupled with gasoline prices and the economic fallout from the war between Russia and Ukraine. The central bank reported Wednesday that the fed funds rate now stands at 0.25-0.5%. Visa holders will presently find it more hard to take care…

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