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Let me make it clear about what’s a apr (APR)?

Let me make it clear about what’s a apr (APR)?

Paying off balance helps avo

An percentage that is annual (APR) may be the rate of interest you spend every year on that loan, charge card, or other credit line. It is represented as a portion associated with the balance that is total need certainly to spend.

Once you borrow funds, any interest you pay advances the price of those things you get with that cash.