l5a6dyLalaAllira l5a6dyLalaAllira

02-09-2016
Business

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Which description defines the term APR?

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taskmasters taskmasters

07-09-2016

APR means annual percentage rate. It is the annual rate charged when borrowing or earning through an investment. This includes any costs associated with the transaction. APR is a combination of fees and the interest rate. It is higher than the nominal interest rate.

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izmattors izmattors

15-06-2020

Answer:

It is the yearly rate of interest that you pay for credit card use.

Explanation:

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