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APR Explained: What You NEED to Know About Loans and Credit Cards

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APR Explained: What You NEED to Know About Loans and Credit Cards

APR Explained: What You NEED to Know About Loans and Credit Cards. APR stands for Annual Percentage Rate. It represents the annual cost of borrowing money or the annual return on an investment, expressed as a percentage. APR is commonly used for loans, credit cards, mortgages, and other types of credit products. It includes not only the ...

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