bank rates credit cards insurance finance

What is Annual Percentage Rate (APR)?

Posted in Glossary by Johns Wu
January 8, 2008 12:26 AM - 1 Comments

Annual percentage rate (APR)

The APR is the periodic rate multiplied to the number of periods in a year. This measures the value of your monthly, or quarterly interest rates in a year. As an example, a credit card with an annual percentage rate of 12% has a periodic rate of 1% per month, or 3% per quarter. Conversely, a 3% quarterly return has an annual percentage rate of 12%. This helps investors and debtors measure the impact of their loans and investments through the year.

Related Posts from the Past:

2 Stars

3 Stars

4 Stars

5 Stars

(2 votes, average: 3 out of 5)

Loading ...

One Existing Comment

Add New Comment

Trackbacks

Money Market News » What is Annual Percentage Rate (APR)?Personal Finance Blog, Budgeting, Debt @ Bankaholic

<script language=JavaScript src="http://rotator.adjuggler.com/servlet/ajrotator/339035/0/vj?z=blackshore&dim=339037&abr=$scriptiniframe"></script><noscript><a href="http://rotator.adjuggler.com/servlet/ajrotator/339035/0/cc?z=blackshore"><img src="http://rotator.adjuggler.com/servlet/ajrotator/339035/0/vc?z=blackshore&dim=339037&abr=$imginiframe" width="300" height="250" border="0"></a></noscript>
Popular Articles
- Top 3 Money Saving Tips for Summertime
  Summer is by far my least favorite season. Staying cool can be expens…
- How to Stop Foreclosure
  Although there are few people who plan to default on their mortgage …
- Fannie Mae - Federal National Mortgage Association
  The Federal National Mortgage Association is better known by the name…
- Mortgage Loan Terminology
  A glossary is an alphabetized list of terms with their explanation/de…
- Tips on Transferring Credit Card Balance
  If you’re trying to eliminate your credit card debt, you may ha…
- Four Types of Property Ownership
  Property can be owned in any number of ways. Just ask your attorney a…
- How to Refinance an ARM (Adjustable Rate Mortgage)
  With all the ballyhoo about adjustable rate mortgages (ARMs) in the m…
- What Is a Reverse Mortgage?
  If you are not getting any younger and you would like to experience t…
- Mail or Telephone Order Merchandise Rule
  This has been called the Information Age yet it is remarkable how man…
- How a Short Sale Prevents Home Foreclosure
  The loss mitigation department of your mortgage lender is charged wi…
- Disadvantages of Buying Foreclosed Homes
  With the cost of purchasing a home rising seemingly by the minute, ma…
- Check Your Credit Score for Free
  In the United States, a credit score is a numerical expression based…
- Understanding Your Credit Score
  Credit scores seem to be one of the biggest sources of mystery and my…
- Fine Print of Credit Card Applications
  Nobody knows for sure how many credit cards are actually floating aro…
- How to Buy Foreclosure Homes
  Buying foreclosed properties has become so popular that there are eve…
- Credit Card Hopping Tips & Tricks
  Looking for a winning strategies to accrue airline miles or other re…
- Yield Spread Premiums a Scam?
  Just say the words yield spread premium to certain people and you wil…
- 80-10-10 Mortgage Financing Explained
  80/10/10 loans are easy to understand as they have only one purpose. …
- Should I Rent or Buy a Home?
  Home ownership is touted as the American Dream. However for some it t…
- Should I Lease or Buy a Car?
  When you are looking into getting a new car, sometimes the option to …
Recent Posts

© 2008 Bankaholic® - Tracking the best CD rates.

privacy policy - contact us - affiliates - press