The annual percentage rate (APR) is the annualized interest rate using compound interest.

Name: The annual percentage rate (APR) is the annualized interest rate using compound interest.
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The APR is the annual rate charged for borrowing or earned through an investment, which represents the actual yearly cost over the term of a loan, including any fees or additional costs associated with the transaction, but it does not necessarily take into account the compounding of interest within the year.

The Annual Percentage Rate (APR) Is the Annualized Interest Rate