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Apr
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Apr
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APR
Annual
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APY
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It Mean On Business Credit Card
Does 0% APR Mean
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7:12
Khan Academy
Sal Khan
Annual percentage rate (APR) and effective APR
APR stands for Annual Percentage Rate. It's the yearly interest rate you pay on a loan or credit card. However, a credit card's advertised APR isn't the true interest rate because it compounds daily. Learn how to calculate the effective APR to find a card's true interest rate.
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