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How to calculate the .3-year interest rate of credit card installment?
the algorithm of .3-year interest rate for credit card installment:

1. annual interest rate formula: annual interest rate = installment fee rate/(installment number +1)= single installment fee rate/(installment number +1).

2. The .3-year credit card installment rate is the actual annual interest rate =.3% times 12/(12+1) times 24=19.49.