Annual percentage rate (APR) and effective APR
7:12
Annual percentage rate (APR) and effective APR
Feb 20, 2011
Khan AcademySal Khan
Oh, you want to know the difference between a mortgage interest rate and APR? Well, strap in for a wild ride! 🎢 The interest rate is like the tip of the iceberg, just the flashy number you see. But wait, there's more! APR, it's like the whole iceberg, lurking beneath the surface with fees and other sneaky costs. So, while you're busy ogling that low interest rate, APR's over here like, 'Surprise, here's the real deal!' 🤯 Hope this helps! #mortgagetips #InterestRates #apr | Chadd Johnson
Oh, you want to know the difference between a mortgage interest rate …
1.9K viewsFeb 27, 2024
FacebookChadd Johnson
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