The interest rate charged per period multiplied by the number of periods per year is called the annual percentage rate (APR).

Name: The interest rate charged per period multiplied by the number of periods per year is called the annual percentage rate (APR).
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The annual percentage rate (APR) represents the annual rate charged for borrowing or earned through an investment, and it is calculated by multiplying the periodic interest rate by the number of periods in a year.

The Interest Rate Charged Per Period Multiplied by the Number