Understanding APR: Your Real Cost of Borrowing Explained
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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 ...
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