Скачать или смотреть What Is the Difference Between APR and Interest?

Ever wondered what separates APR from a simple interest rate? This video from Credit Guide 360 cuts through the confusion, explaining the crucial distinction that impacts your loans and credit.

In this concise guide, we'll clarify why understanding both APR and interest is vital for your financial decisions:
► Learn the core definition of an interest rate and how it applies to borrowed principal.
► Understand Annual Percentage Rate (APR) as the total annual cost of a loan, including fees.
► Discover why APR provides a more comprehensive view of borrowing costs than interest alone.
► Identify situations where APR is particularly important, such as mortgages and credit cards.
► Gain confidence in comparing different credit offers by focusing on the APR.


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