What is APR: Here’s how Annual Percentage Rate works
by Whitney Hansen If you’ve been researching new credit cards or looking at refinancing your home loan, you’ve probably noticed the term APR popping up everywhere. APR stands for the annual percentage rate and, in terms of need-to-know financial information, understanding APR is pretty high on our list.In this article, we’ll go over the basics of APR–what it is, how to calculate it, and how to improve it — so