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Interest rate vs APR- two important financial terms that often get confused! Make sure you understand the difference when it comes to borrowing money💰 ➡️The interest rate is the cost of borrowing money, expressed as a percentage of the amount borrowed. ➡️The APR, or annual percentage rate, is a measure of the cost of borrowing money that includes the interest rates As WELL AS any other fees or charges associated with the loan. For example, if you’re considering taking out a personal loan or a m
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