أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
simply the different in calculation based on compound and interest rate
where APR ( Annual percentage rate ) is the simple rate but the (EPR) effective percentage rate is the compound calculation of interest rate
APR refers to the nominal annual percentage of rate while EAR refers to the ‘effective’ percentage of rate or effective APR. These are descriptions of the annualized interest rate rather than the monthly rate calculated on a loan or mortgage.
