The published formula pertains to compound loans just. APR is just a measure that is comparative help compare loans.
The published formula pertains to compound loans just. APR is just a measure that is comparative help compare loans. How come APR Used? APR is just a relative measure to help compare loans. We now have seen that comprehending the information on that loan could be tricky in some instances. Each loan might be varied; therefore comparing them can be problematic. To be able to solve this issue, and also to enable visitors to compare loans, a parameter called APR [...]