Day: December 27, 2019

How to find the best rate? The total cost of credit.How to find the best rate? The total cost of credit.

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The Annual Effective Annual Rate (APR) is the interest rate that directly influences the total cost of credit. A percentage rigorously framed by the law which owes its qualifier of “total” to the fact of covering at the same time the basic interest rate, the operating costs of the bank and the insurance premiums associated […]