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What does apr stand for?

APR stands for "Annual Percentage Rate." It is a financial term that represents the annual interest rate charged on a loan, credit card balance, or other credit product. The APR takes into account not only the interest rate, but also any other fees or charges associated with the credit product, such as origination fees or annual fees. The APR allows borrowers to compare the true cost of borrowing money across different lenders or credit products.

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