The Startup
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The Startup

3 Quick Points to Simplify Annual Percentage Rate (APR)

A very important number to understand

Photo by Ales Nesetril on Unsplash

Annual Percentage Rate (APR) is a number you should fear if you are not a responsible borrower. It refers to the annual rate of interest that is charged to you. In the U.S., APR is required to be disclosed by any lender that offers a loan or line of credit per the Truth in Lending Act of 1968. This means…

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