Personal Finance

Towards a Healthier Financial Future

Topic: "Annual Percentage Rate (APR)"

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Annual Percentage Rate (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 credit card's true interest rate →

← Curating the web to find the most interesting and helpful information about your money.