asked 71.8k views
13 votes
When calculating the Annual Percentage Rate, it is important to consider?

asked
User AlexisG
by
7.9k points

1 Answer

5 votes

Answer:

APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan.

Step-by-step explanation:

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories