[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:annual-percentage-rate":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fannual-percentage-rate.md","Annual Percentage Rate (APR)",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-annual-percentage-rate","Understanding Annual Percentage Rate",[16,17,18],"p",{},"APR lets you compare loans on a like-for-like basis because it includes many fees as well as the interest rate. In the U.S., lenders must disclose it under the Truth in Lending Act.",[16,20,21],{},"For credit cards, the APR is usually variable and tied to the prime rate. APR does not reflect compounding within the year; APY does.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"personal-finance","The yearly cost of borrowing, including interest and certain fees, as a percentage.","md",[],{},true,"\u002Fterms\u002Fannual-percentage-rate",[35,36,37],"annual-percentage-yield","credit-score","mortgage",{"title":6,"description":28},"terms\u002Fannual-percentage-rate",[41,42,43],"APR is the annual cost of borrowing, including some fees.","Use it to compare loan offers.","APR ignores intra-year compounding; APY includes it.","luhQZRuL5PXz40oFHYwkDmwqwxuRYpCxZCw1_cjBF1E",[46,50,54],{"title":47,"description":48,"path":49},"Annual Percentage Yield (APY)","The yearly return on savings, including the effect of compounding.","\u002Fterms\u002Fannual-percentage-yield",{"title":51,"description":52,"path":53},"Credit Score","A number that summarizes how likely you are to repay borrowed money, based on your credit history.","\u002Fterms\u002Fcredit-score",{"title":55,"description":56,"path":57},"Mortgage","A loan used to buy property, with the property itself as collateral.","\u002Fterms\u002Fmortgage",1793374004470]