Annual Percentage Rate (APR): Definition and Calculator
folder_openFinancial Management for Nonprofits, Nonprofit Terms
The Annual Percentage Rate, or APR, is a term many encounter when dealing with loans, credit cards, and other financial products. For nonprofits managing credit wisely, understanding APR can be instrumental in reducing borrowing costs and making informed financial decisions. This guide will break down what APR means, how it’s calculated, and why it’s essential…
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