Nominal Apr

Some articles on apr, nominal apr:

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 (annualized), rather than just a monthly ... or legal 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) ...

Famous quotes containing the word nominal:

    Discourage litigation. Persuade your neighbors to compromise whenever you can. Point out to them how the nominal winner is often a real loser—in fees, expenses, and waste of time. As a peacemaker the lawyer has a superior opportunity of being a good man. There will still be business enough.
    Abraham Lincoln (1809–1865)