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What's the difference between an APR and interest rate? (lemmy.dbzer0.com)

submitted 6 months ago by JennaR8r@lemmy.dbzer0.com to c/personalfinance@lemmy.ml

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[–] partial_accumen@lemmy.world 3 points 6 months ago* (2 children)

APR, is referring to only interest. It has nothing to do with other fees.

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[–] slazer2au@lemmy.world 5 points 6 months ago (1 child)

Then I have read a bad article.

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[–] partial_accumen@lemmy.world 4 points 6 months ago*

No worries, its certainly happened to me too on other topics. Thank you for your edit to your post to make sure others don't come away with the wrong information.

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