Interest can add up fast. So when you borrow or save money, you want to know what your interest rate is. Problem is, your bank often refers to this rate as APR or APY. They’re two different animals, and many people don’t know the difference.
Interest can add up fast. So when you borrow or save money, you want to know what your interest rate is. Problem is, your bank often refers to this rate as APR or APY. They’re two different animals, and many people don’t know the difference.
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