ELI5: What is the difference between APR and interest rate?

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2023-10-19 16:35:23 -

https://www.reddit.com/r/explainlikeimfive/comments/snsbfy/eli5_what_is_the_difference_between_apr_and/

https://www.reddit.com/r/explainlikeimfive/comments/snsbfy/eli5_what_is_the_difference_between_apr_and/

ELI5: What is the difference between APR and interest rate?

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