To determine the APR (Annual Percentage Rate) that Jonathan should expect after the introductory period given his average credit rating, we need to interpret the information provided about the rates.
First, let's briefly summarize the information given:
- The introductory APR is either 8.99%, 10.99%, or 12.99% based on credit worthiness.
- After the introductory period (one year), the APR will be 14.99%. This APR is fixed, though it can vary with the market based on the Prime Rate.
Jonathan's credit rating is average. This means he will likely qualify for one of the introductory rates, but since we are focusing on the APR after the introductory period, we only need to consider the APR that applies once the introductory rate is no longer in effect.
According to the table, after the one-year introductory period, the APR for purchases will uniformly be 14.99% regardless of the introductory rate Jonathan initially gets. Therefore, even though there are different introductory APRs, they all convert to the same fixed rate once the introductory period ends.
Given this information, Jonathan should expect an APR of 14.99% after the introductory period.
