Annual portion of speed (APR), Nominal APR, and Effective APR are information associated with the annual rate of interest.

Annual portion of speed (APR), Nominal APR, and Effective APR are information associated with the annual rate of interest. as opposed to monthly charges and prices; they are the cost of funding expressed as an interest rate throughout the year. Effective APR can be your charge plus the interest that is compounded, whereas Nominal APR …