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The published formula pertains to compound loans just. APR is really a measure that is comparative help compare loans.

The published formula pertains to compound loans just. APR is really a measure that is comparative help compare loans. How come APR Applied? APR is just a relative measure to help compare loans. We now have seen that comprehending the information on a loan are tricky in many cases. Each loan might therefore be different comparing them can be problematic. To be able to resolve this dilemma, and also to enable individuals compare loans, a parameter called APR had been...

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