Which statement is true about an annual percentage rate (APR)? (1 point)
A.It is of little interest to the average borrower.
B.It is reduced every time you make a payment.
C. It is equal to the interest rate times the principal
D. It is a simple way to compare all the various elements of different loans.
1 answer
D. It is a simple way to compare all the various elements of different loans.
1 answer