Aha Trivia Stuff Everyone Should Know
Aha Trivia: Stuff Everyone Should Know · ahatrivia.com/mb-personal-management-56f89b0cd612

What does APR measure on a loan?

The true yearly cost of borrowing.

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  1. The total price of the item
  2. The bank's profit margin only
  3. The true yearly cost of borrowing ✔

Why: The annual percentage rate, or APR, measures the true cost of a loan including interest and fees.

Huh, didn't know that: The annual percentage rate, or APR, measures the true cost of a loan including interest and fees.

The dad joke
APR tells the real rate story.
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References

Answer: The true yearly cost of borrowing. The annual percentage rate, or APR, measures the true cost of a loan including interest and fees.

  1. Scouting America: Personal Management www.scouting.org/merit-badges/personal-management
    how the annual percentage rate (APR) measures the true cost of a loan
    Checked 2026-11-07.

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