xxgiinnaaxx xxgiinnaaxx
  • 19-01-2021
  • Mathematics
contestada

Why are new offers APRs higher than existing account APRs?

Respuesta :

Аноним Аноним
  • 19-01-2021

Answer:

The APR reflects the interest rate plus the fees you paid directly to the lender or broker or both: origination charges, discount points and any other costs. Those fees add to the cost of the loan, and APR takes them into account. That's why APR is higher than the interest rate.

Step-by-step explanation:

Have a good day

Answer Link

Otras preguntas

What are the possible products of the reduction of sulfuric acid? Select all that apply. SO2(g) HS3(aq) H2S(g) SO3(g)
Eighteen increased by x
Write a hypothesis about when a substance is boiling, using the “if … then … “format.
Which of the following solids will have the smallest linear expansion when temperature increases? a. aluminum b. glass c. concrete d. copper
Which of the following is an example of consideration
Which of the following is the best type of refusal to use when someone offers you drugs?
Please can someone explain the answer to number 11
True / Fasle In a fully observable, turn-taking, zero-sum game between two perfectly rational players, it does not help the first player to know what strategy t
In a certain manufacturing process, it is known that, on average, 1 in every 100 items is defective. A: What is the probability that the fifth item inspected i
(I'll award brainliest! Please answer before 5:45 P.M!) Point N(7, 4) is rotated 180° counterclockwise about the origin. What are the coordinates of its image a