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Apr

• Is the Annual Percentage Rate of Interest.

 
 Embedded terms in definition
 Annual percentage rate
Interest
Rate of interest
 
 Referenced Terms
 Annual percentage rate: The nominal annual rate of interest interest rate, found by multiplying the periodic rate by the number of periods in a year.This is a standardized way of computing the interest rate. The exact method uses the actuarial methods. It reflects the true cost of interest after taking into account all costs such as fees, points, early payments and so on.Abbreviated Apr. The periodic rate times the number of periods in a year. For example, a 5% quarterly return has an APR of 20%.

<< Approved carriers Apy >>

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