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Mathematics 16 Online
OpenStudy (anonymous):

What is the purpose of APR ??

OpenStudy (anonymous):

The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction. I got this from; http://www.investopedia.com/terms/a/apr.asp

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