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Simple English definitions for legal terms

annual percentage rate (APR)

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A quick definition of annual percentage rate (APR):

Annual percentage rate (APR) is a number that tells you how much it will cost you to borrow money for a year. It includes the interest rate and any other fees you have to pay. APR is important because it helps you compare different loans and decide which one is the best for you. Think of it like a price tag on a loan - the higher the APR, the more expensive the loan will be.

A more thorough explanation:

An Annual Percentage Rate (APR) is the yearly cost of borrowing money or earning interest on an investment. It is expressed as a percentage and includes the interest rate and other fees associated with the transaction.

For example, if you borrow $1,000 with an APR of 10%, you will pay $100 in interest and fees over the course of a year. The APR takes into account the interest rate and any other charges, such as origination fees or closing costs, to give you a more accurate picture of the total cost of borrowing.

Another example is if you invest $1,000 in a savings account with an APR of 2%, you will earn $20 in interest over the course of a year. The APR helps you compare different investment options and choose the one that will give you the highest return.

Overall, the APR is an important factor to consider when borrowing or investing money because it gives you a clear understanding of the total cost or return over the course of a year.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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