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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
Which term best describes the strategy employed when a credit card company offers new customers 0 percent annual percentage rate for the first year?
incentive -tschee22
Is the annual percentage rate usually lower than the actual interest rate on the loan?
The actual interest rate on a mortgage will always be higher than the annual percentage rate unless the borrower keeps the loan for the full term. Refinancing or selling before the end of the term results in a much higher actual (effective) interest rate. The effective rate on a mortgage can be lower than the annual percentage rate (fixed rate) by paying extra to principal especially early in the mortgage term.
What does the term apr mean and where can you find the help?
The term APR stands for Annual Percentage Rate and this refers to your interest rate for an entire year, or three hundred and sixty five days.
What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts?
annual percentage rate
How does one calculate the interest rate on a loan?
Calculating the interest rate on a loan isn't that difficult. A person will need to take the principal amount and multiply it by the term of the loan and the annual percentage rate.
What term best describes the occurrence of total solar eclipses?
It's Annual...
What is the term that refers to the percentage that is taxed?
The term that refers to the percentage that is taxed is the tax rate. In most cases, the tax rate is progressive depending on the level of income.
Which term best describes the rate at which a country's currencies convert to other currencies?
exchange rate
What term is used to describe the percentage that is taxed?
The percentage at which something is taxed is the Tax Rate.
How do you calculate APR?
You calculate APR based on your credit score, loan size and term of loan. Typically the shorter the loan life the lower APR you will get . Annual Percentage Rate APR (Annual Percentage Rate) is a standardized term used to compare loans, mortgage loans and credit card rates. It is a compilation of the compound interest, finance charges and lender fees calculated annually. For more detailed information and to use an APR calculator visit the link in related links.
Which term refers to the percentage rate the lending institution charges for the use of its money?
interest rate
