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What is annual percentage rate mean?

Updated: 8/21/2019
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Q: What is annual percentage rate mean?
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Related questions

What do the abbreviations of APR mean?

Annual Percentage Rate


What does typical APR mean?

Annual Percentage Rate


What does the acronym APY mean?

Annual Percentage Yield. It means expresses an annual rate of interest taking into account the effect of compounding . It is always greater than or equal to the Annual Percentage Rate [APR]


What is apr mean?

Annual Percentage Rate. Refers to the Interest rate paid on a car loan.


What does the term annual percentage rate mean for a certificate of deposit account?

Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year


What is the maximum annual percentage rate for visa?

The annual percentage rate may vary but it can be increased to an 18% APR.


What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?

The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.


What describes a annual percentage rate?

A measure of the cost of credit expressed as a yearly interest rate.


How the annual percentage rate measures the true cost of a loan?

how the annual percentage rate measures the true cost of a loan


What describes annual percentage rate?

An annual percentage rate is the average percentage change over a period of a year. The percentage change is the change divided by the initial value, expressed as a percentage.


What is the definition of an APR?

Annual Percentage Rate.


What is the annual percentage rate of visa?

It is 17.99%