1 Answer
The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAPR,[1] describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate.[2] Those terms have formal, legal definitions in some countries or legal jurisdictions, but in general:[1]
The nominal APR is the simple-interest rate (for a year).The effective APR is the fee+compound interest rate (calculated across a year)
Thank Wiki
11 years ago. Rating: 3 | |
Related Questions In This Category
Nha cai 123B
Answers: 0
| Views: 30
| Rating: 0
| Posted: 4 days ago
Top contributors in Credit category
Unanswered Questions
What is a Football Tip? Where to Find Reliable Football Tips
Answers: 0
Views: 8
Rating: 0
Mu88 - Đỉnh Cao Cá Cược, Thắng Lớn Mỗi Ngày!
Answers: 0
Views: 17
Rating: 0
Bong88 - Nhà Cái Bong88
Answers: 0
Views: 15
Rating: 0
Cmcsisg Vn
Answers: 0
Views: 20
Rating: 0
97WIN | LINK NHÀ CÁI 97WIN FUND UY TÍN BẬC NHẤT VIỆT NAM
Answers: 0
Views: 16
Rating: 0
Những Khuyến Mãi Nổi Bật Tại 333WIN Đang Chờ Đợi Bạn
Answers: 0
Views: 19
Rating: 0
Cmcsisg Vn
Answers: 0
Views: 14
Rating: 0
VINBET - Mệnh danh là trung tâm giải trí tại nhà với nhiều ưu đãi lớn
> More questions...
Answers: 0
Views: 15
Rating: 0