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1:54
financestrategists.com
Annual Percentage Rate (APR) | Definition, Calculation, & Types
The APR is a rate that reflects the yearly cost of borrowing money or earning an investment. Learn about APR calculations, types, and more here.
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SOLVED: Question 14: In finance, the interest rate charged after including any fees imposed by the creditor is referred to as the annual percentage rate (APR). This rate is commonly quoted on credit and represents the true cost of borrowing. It takes into account both the interest charged and any additional fees or charges associated with the loan.
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