APR of 19%

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APR of 19%

The term annual percentage rate of charge (APR), corresponding sometimes to a nominal APR and sometimes to an effective APR (or EAPR),describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, [ as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate. ]

Expert answered|jeifunk|Points 11150|

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Asked 10/31/2013 9:38:22 AM

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