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 What is the difference between interest rate& APR?

Answer The interest rate on the loan determines the monthly interest charged to the borrower. The APR, or annual percentage rate, is the numerical representation of the total cost to the borrower for the ... Read More »
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Top Q&A For: What is the difference between interest rate& APR

What is the difference between rate of return&interest rate?

Rate of return, call known as return on investment, is a percentage of the total profit made from an investment compared to the amount of the investment. Interest rate is the percentage of a loan's... Read More »
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What is the difference between apr&interest rate on cds?

Understanding the difference between banking terms like "interest rate," "APR," and "APY" can be confusing. But having a basic understanding is essential for customers to get the best return on the... Read More »
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What is the difference between rate and yield on interest?

The interest rate on a debt instrument, such as a U.S. Savings Bond or corporate bond, is the annual interest to be paid on the bond until maturity. This is usually imprinted on the face of the bon... Read More »
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How To Replace a High Interest Rate Credit Card With a Low Interest Rate Card?

Many consumers sign up for a specific credit card because they were offered an attractive introductory interest rate. The problem with introductory rates is that they eventually increase. Before yo... Read More »
http://www.ehow.com/how_6568562_replace-low-interest-rate-card.html


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