Annual percentage rate: Difference between revisions
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imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (State purpose expressly.) |
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A legally defined consistent basis for quoting and comparing retail rates of interest payable. | A legally defined consistent basis for quoting and comparing retail rates of interest payable. | ||
Similar to the effective annual rate. | Similar to the effective annual rate (EAR). | ||
It is designed to enable borrowers to compare different borrowing deals on a consistent basis. | |||
== See also == | == See also == | ||
* [[Annual effective rate]] | * [[Annual effective rate]] | ||
* [[Effective annual rate]] | * [[Comparability]] | ||
* [[Effective annual rate]] (EAR) | |||
* [[Interest rate]] | * [[Interest rate]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Revision as of 15:51, 4 March 2022
Financial maths - interest rates.
(APR).
A legally defined consistent basis for quoting and comparing retail rates of interest payable.
Similar to the effective annual rate (EAR).
It is designed to enable borrowers to compare different borrowing deals on a consistent basis.
