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APR Explained in 60 Seconds!

YouTubeThe Finance Toolbox

APR Explained in 60 Seconds!

Ever wondered what APR really means? 🤔 Let's break it down with a simple example in just 60 seconds! APR stands for Annual Percentage Rate. It's the cost of borrowing money, expressed as a yearly interest rate. 📅💰 Imagine you have a credit card with a 20% APR. If you spend £1,000 and don't pay it off within the month, you'll owe an ...

50 views8 months ago

Annual Percentage Rate (APR): Definition, Calculation, and Comparison

Annual Percentage Rate (APR): Definition, Calculation, and Comparison

investopedia.com

APR Vs. Interest Rate: What's The Difference? | Bankrate

APR Vs. Interest Rate: What's The Difference? | Bankrate

Understanding APR vs. APY: Key Differences Explained

Understanding APR vs. APY: Key Differences Explained

investopedia.com

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