Archive for May 2025
APR vs. Interest Rate: What’s the Real Cost of Borrowing?
Shopping for a loan—whether it’s for a car, home, or personal expense—usually starts with one number: the interest rate. But look closer, and you’ll see another, often higher number lurking in the fine print: the APR. These two terms might seem interchangeable, but they’re not. Understanding the difference between APR (Annual Percentage Rate) and interest…
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