### Some articles on *apr, effective apr, effective*:

Annual Percentage Rate

... The term 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

... 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)

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