Annual Percentage Rate (APR)

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August 25, 2024 4 min read Definitions
Add-On Interest: Interest Added to Principal of a Loan
Finance Banking Investments Add-on Interest Loans Annual Percentage Rate (APR) Principal Federal Law
Add-On Interest involves computing interest on the original amount borrowed, leading to a stated rate much lower than the Annual Percentage Rate (APR).
Read more about Add-On Interest: Interest Added to Principal of a Loan.

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