An annual percentage rate, or APR, represents how much

interest is paid over a year.
interest is paid over many years.
principal is paid over a year
principal is paid over many years.

APR is expressed as a percentage, which represents the yearly cost of funds over the term of the investment or spending and basically explains the cost of borrowing.

Hence, an annual percentage rate(APR), represents how much interest is paid over a year.

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An annual percentage rate, or APR, represents how much interest is paid over a year. interest is paid over many years. principal is paid over a year principal is paid over many years.

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What is annual percentage rate(APR)?

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An annual percentage rate, or APR, represents how much

interest is paid over a year.
interest is paid over many years.
principal is paid over a year
principal is paid over many years.