by Lori Atwood | Sep 13, 2016 | Financial Fitness, Saving: Retirement & Other
Let me start by asking a question: if you take a loan out for $1,000 at 5% APR for 5 years, do you think you will owe the lender $1,000 plus $50 of interest for that 5 year period? If you answer ‘YES’ you are not alone, but you are wrong. APR stands for Annual...