What is APR?

Posted by Jonathan Woods on Jan 7, 2016 5:25:57 PM

There is a lot of talk in the industry about annual percentage rate (APR). In fact, APR is a required disclosure on many advertisements. While most people have a vague understanding of APR, few fully understand the concept; yet many make decisions based on it. This is one of those subjects where a little information can be counterproductive. Oftentimes people will make a decision based on a tool they don’t completely understand.

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