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Annual Percentage Rate - APR

    0.38 sec.
Annual Percentage Rate - APR
The one year rate that is charged for borrowing (or made by investing). By law, credit card companies and loan issuers must show customers the APR.

Notes:
For example a credit card company might charge 1% a month, but the APR is 1% x 12 months = 12%. This differs from APY, which also takes into account compound interest.


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