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A 5.00% APR means that for every 100 dollars you borrow, you will owe 5 dollars in annual interest as part of the Annual Percentage Rates (APR) For Purchases. This rate is generally much lower than other rates, making borrowing more affordable. It is crucial to consider the total repayment amount when factoring in this rate. Always compare APRs to identify the best borrowing options available.
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