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Concept
APR (Annual Percentage Rate)
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Summary
The
Annual Percentage Rate
(APR) is a
Standardized measure
used to express the
Annual cost of borrowing
or the
Annual return on investment
, including
Fees and other costs
, as a percentage. It provides a more
Comprehensive reflection
of the
True cost
or
Yield of financial products
compared to
Nominal interest rates
alone.
Concepts
Interest Rate
Nominal Interest Rate
Effective Annual Rate
Compound Interest
Credit
Loan Fees
Finance Charge
Amortization
Disclosure
Private Student Loans
Interest And Penalties
Relevant Degrees
International Finance 100%
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