nnajera nnajera

24-04-2017
Business

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What does APR stand for and what does it mean?

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garydesir1 garydesir1

24-04-2017

Good morning !

APR stands for : Annual Percentage Rate

What does that mean ?

APR is the amount of interest you pay every year on the outstanding balance.

I hope that's help!

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17-02-2020

Answer:

APR stands for annual percentage rate. It is the interest rate for a whole year, rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate.

Hope this helped!

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