Afflueno

APR (annual percentage rate)

Definition

The yearly cost of borrowing expressed as a percentage, including interest and, for many loans, certain fees. It does not reflect compounding within the year.

Example

A card with a 24% APR charges roughly 2% of the balance in interest per month if the balance isn't paid off.

Try the numbers

General educational information, not personal financial advice. See our disclaimer.

Go deeper

AffluenoAfflueno — wealth, made warm@afflueno
Follow
How Startup Founders Can Use Business Credit to Grow FasterHow Startup Founders Can Use Business Credit to Grow FasterNo-Spend Challenges in Plain EnglishNo-Spend Challenges in Plain EnglishWhat Is Business Credit? A Simple ExplanationWhat Is Business Credit? A Simple Explanation5 Ways to Improve Your Business Credit Score5 Ways to Improve Your Business Credit Score