Annual Percentage Rate (APR) and effective APR | Finance & Capital Markets | Khan Academy

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The difference between APR and effective APR. Created by Sal Khan.

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Finance and capital markets on Khan Academy: Most of us have borrowed to buy something. Credit cards, in particular, can be quite convenient (but dangerous if not used in moderation). This tutorial explains credit card interest, how credit card companies make money and a far more silly way of borrowing money called "payday" loans.

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