Annual Percentage Rate (APR)
Amount of interest associated with a loan. It can change or remain the same during the year and term of the loan. If the interest rate is variable, the rate can change; if it is fixed, the rate will not change.
Amount of interest associated with a loan. It can change or remain the same during the year and term of the loan. If the interest rate is variable, the rate can change; if it is fixed, the rate will not change.