Annual percentage rate (APR) and effective APR
7:12
Khan AcademySal Khan
Annual percentage rate (APR) and effective APR
APR stands for Annual Percentage Rate. It's the yearly interest rate you pay on a loan or credit card. However, a credit card's advertised APR isn't the true interest rate because it compounds daily. Learn how to calculate the effective APR to find a card's true interest rate.
Feb 20, 2011
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The following spreadsheet can be used to compute monthly payments given the APR, principal, and length of the loan. (Table Cant Copy) a. Write the spreadsheet formula to compute cell D 2 . b. Write the spreadsheet formula to compute cell E2. c-h. Use your spreadsheet to fill in the missing entries. | Numerade
The following spreadsheet can be used to compute monthly payments given the APR, principal, and length of the loan. (Table Cant Copy) a. Write the spreadsheet formula to compute cell D 2 . b. Write the spreadsheet formula to compute cell E2. c-h. Use your spreadsheet to fill in the missing entries. | Numerade
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The following spreadsheet can be used to compute monthly payments given the APR, principal, and length of the loan. (Table Cant Copy) a. Write the spreadsheet formula to compute cell D 2 . b. Write the spreadsheet formula to compute cell E2. c-h. Use your spreadsheet to fill in the missing entries. | Numerade
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