along0921 along0921

16-05-2017
Mathematics

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Which description defines the term APR?

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jacoblee1357 jacoblee1357

16-05-2017

APR means annual percentage rate. It is the annual rate charged when borrowing or earning through an investment. This includes any costs associated with the transaction. APR is a combination of fees and the interest rate. It is higher than the nominal interest rate.

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baileyedavis baileyedavis

16-05-2017

Anual percentage rate for charge. Hope i helped

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