What Is APR?
You reached this post because you were wondering what is APR. Well, first of all APR is short for “annual percentage rate“. In this video post, Brett of Monarch Capital Home Loans will attempt to explain APR in a way that will cut out any confusion.
Sometimes it can be hard to explain because it involves real-life algebra. In the video, he will do his best to walk you through this, and forgive him ahead of time if it’s not clear.
I hope your found this video helpful in understanding how to calculate APR and how you can use this knowledge to your advantage. Whether you are shopping for a home, a car, or not sure which credit card you want to use. You should now know enough to avoid paying too much for whatever you choose to finance.
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