
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%.


Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...

Nearly all men can stand adversity, but if you want to test a man's character, give him power.  Abraham Lincoln


