The higher your annual percentage rate, the higher interest rate you are paying for your loan.
True.
False.

Question

The higher your annual percentage rate, the higher interest rate you are paying for your loan.
True.
False.

paki · Answer

what you say here about the answer...?

dantefemboy · Answer

My guess was that its True because it just makes more sense.

anonymous · Answer

true

paki · Answer

correct... have a look please... http://www.realestateabc.com/insights/apr.htm

anonymous · Answer

The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan.

An annual percentage rate (APR) is a broader measure of the cost to you of borrowing money. The APR reflects not only the interest rate but also the points, mortgage broker fees, and other charges that you have to pay to get the loan. For that reason, your APR is usually higher than your interest rate.

dantefemboy · Answer

@shortmix844 No direct answers. Please. Its in the Code of Conduct and I dont want to see you banned. Seen it before. $\color{purple}{Thank you~ =3}$