Effective Apr

Some articles on apr, effective apr, effective:

Annual Percentage Rate
... The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR, describes the interest rate for a whole year (annualize ... jurisdictions, but in general The nominal APR is the simple-interest rate (for a year) ... The effective APR is the fee+compound interest rate (calculated across a year) ...
Flat Rate (finance) - Flat Rate Calculations
... This means that the effective interest on such a loan, if recalculated using the declining balance method, is nearly double the flat rate ... by financial managers is that when flat interest is used, the APR is almost twice as much as the quoted interest rate." In the first 3 examples on the right the borrower will be quoted 1% a month ... This yields an annualized flat rate of 12%, and an annualized effective APR of 19.05% ...

Famous quotes containing the word effective:

    A nation fights well in proportion to the amount of men and materials it has. And the other equation is that the individual soldier in that army is a more effective soldier the poorer his standard of living has been in the past.
    Norman Mailer (b. 1923)