Author Topic: Interest rates are backward - should use APR  (Read 320 times)

meagher79

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Re: Interest rates are backward - should use APR
« on: June 10, 2020, 01:30:36 am »

Do the total interest charge makes sense in this game right now?

Sort of, I think the actual interest on the 5 yr loans is reasonable, but the information in the "interest rate" column is inaccurate and misleading.


Is APR people use for mortgage too? i know people use that for car loans

Yes, APR is the standard way to measure all interest rates.