Definition: The total yearly cost of credit.
Pronunciation: an-yə(-wə)l, -yü-ə pər-ˈsen-tij
Used in a Sentence: The annual percentage rate for a 30yr mortgage is 4%.
Definition: The total yearly cost of credit.
Pronunciation: an-yə(-wə)l, -yü-ə pər-ˈsen-tij
Used in a Sentence: The annual percentage rate for a 30yr mortgage is 4%.