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What is Annual Percentage Rate (APR)? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

Annual percetage rate (APR) is what you pay for borrowing, expressed as a single percentage that represents the actual yearly cost over the term of a loan. This includes any fees or additional costs associated with the transaction.

 

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