Resource title

Annual Percentage Rate (APR)

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image for OpenScout resource :: Annual Percentage Rate (APR)

Resource description

The annual percentage rate (APR) is the effective rate of interest that is charged on an installment loan, such as those provided by banks, retail stores, and other lenders. Since the enactment of the Truth in Lending Act in 1969, lenders have been required to report the APR in boldface type on the first page of all loan contracts.

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Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/small/A-Bo/Annual-Percentage-Rate-APR.html

Resource license

Copyright © 2011 Advameg, Inc.