Annual percentage rate (APR) and effective APR
7:12
Khan AcademySal Khan
Annual percentage rate (APR) and effective APR
APR stands for Annual Percentage Rate. It's the yearly interest rate you pay on a loan or credit card. However, a credit card's advertised APR isn't the true interest rate because it compounds daily. Learn how to calculate the effective APR to find a card's true interest rate.
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The APR is your mortgage's true cost. It includes interest most fees. Compare APR, not just the rate, to save thousands. Always demand full transparency. Follow for smart mortgage tips! #MortgageTips #APRReveal #HomeLoan #FinTech #LoanFactory ______________________________________ LOAN FACTORY - WE DARE YOU TO COMPARE Call us today! We're here to help with all your mortgage needs! 🔐 NMLS #320841 | BK-2005457 | Loan Factory
The APR is your mortgage's true cost. It includes interest most fees. Compare APR, not just the rate, to save thousands. Always demand full transparency. Follow for smart mortgage tips! #MortgageTips #APRReveal #HomeLoan #FinTech #LoanFactory ______________________________________ LOAN FACTORY - WE DARE YOU TO COMPARE Call us today! We're here to help with all your mortgage needs! 🔐 NMLS #320841 | BK-2005457 | Loan Factory
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