What is APR


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Desi # 1   
Member since: Dec 03
Posts: 1420
Location: Mississauga

Post ID: #PID Posted on: 18-02-08 22:01:56

I keep on getting letters from credit card companies you are approved for 1.9% APR or 2.0% APR or 0.97 APR.

I tried to research the subject but got more and more confused.

How much 2.0% APR will cost on $1000 loan for ten months? Assuming monthly payment of $100.



investpro   
Member since: Nov 06
Posts: 1628
Location: carl sagan's universe

Post ID: #PID Posted on: 18-02-08 23:36:02

apr= annual percentage rate or effective annaul interest rate






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