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2. APR vs. interest rate: What’s the difference? - AOL

   www.aol.com/finance/apr-vs-interest-rate...

   The key difference is that the interest rate is always going to be lower than the APR. Consider a 30-year fixed-rate mortgage for $300,000 at 7 percent interest, with a 1 percent origination fee ...

3. 5 Strategies for Paying Off Car Loan Early - AOL

   www.aol.com/5-strategies-paying-off-car...

   APR includes the interest rate, in addition to other fees, like loan origination fees or mortgage insurance. You should use the APR, not the flat interest rate, when calculating what you're paying.

4. Annual percentage rate - Wikipedia

   en.wikipedia.org/wiki/Annual_percentage_rate

   The term annual percentage rate of charge ( APR ), [1] [2] corresponding sometimes to a nominal APR and sometimes to an effective APR ( EAPR ), [3] is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, [4] etc. It is a finance charge expressed as an annual rate.

5. Here's how to calculate the cost of your next car loan. - AOL

   www.aol.com/heres-calculate-cost-next-car...

   Lenders use several factors to determine your interest rates and APRs, including: Credit score. Amount of money borrowed. Length of the loan. Down payment. Type of vehicle (new vs. used) In ...

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The fixed monthly payment for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term. The monthly payment formula is based on the annuity formula. The monthly payment c depends upon: r - the monthly interest rate. Since the quoted yearly percentage ...

7. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   The borrower then pays off the financial institution the same as for a direct loan. [citation needed] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".