The APR measures the finance expenses (including interest and all other expenses)on a loan on a(n)

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The APR, or annual percentage rate, is a measure of the annual finance expenses on a loan, including interest and all other expenses, expressed as a percentage of the loan amount. It is calculated on an annualized basis, which means it takes into account the cost of borrowing over a full year. This allows borrowers to compare the costs of different loans on an apples-to-apples basis.

The APR Measures the Finance Expenses (Including Interest and All