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Annual Percentage Rate Help

In Finance and economics, Annual Percentage Rate refers to the rate at which either interest is charged by the borrower or earning on an investment made described over a fixed duration. APR is described to be of two types: Nominal APR and the other to be the Effective APR. Nominal APR is the simple interest rate over a year while the effective APR is fee along with the compounded rate of interest calculated annually.

Homework Guru Annual Percentage Rate Homework Help

 

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