Understanding APR: Your Real Cost of Borrowing Explained
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YouTubeMobilization Funding
Understanding APR: Your Real Cost of Borrowing Explained
In this video, we simplify the concept of APR (Annual Percentage Rate) and its significance when borrowing money. Whether it's called APR, per annum, or annual percentage rate, they all refer to the same thing. Discover how APR represents the percentage you are charged on the debt you incur, typically against the principal balance. We break ...
11.2K viewsMay 28, 2023
APR Explained
Annual Percentage Rate (APR): Definition, Calculation, and Comparison
Annual Percentage Rate (APR): Definition, Calculation, and Comparison
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