Register

Explain why the Annual Percentage Rate does not compare loans for different lengths of time.

Explain why the Annual Percentage Rate does not compare loans for different lengths of time.
asked 159k views
1 vote
Explain why the Annual Percentage Rate does not compare loans for different lengths of time.

asked
User MicroEyes
by
8.7k points

1 Answer

1 vote
APR is different than other compounding periods because you would need to find some equivelancy to compare things at.
answered
User Tomas Pinos
by
8.6k points
← Prev Question Next Question →

No related questions found

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

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!