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Annual Percentage Rate (APR)

  • Listed: August 12, 2022 3:37 pm
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Annual Percentage Rate (APR)

The Annual Percentage Rate (APR) is the annual cost of credit, including fees, expressed as a percentage. The APR is a broader measure of the cost to you of borrowing money since it reflects not only the interest rate but also the fees that you have to pay to get the loan. The higher the APR, the more you’ll pay over the life of the loan.

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