Money WondersPlay

Borrowing, Credit & DebtDebt

APR: The Real Price of a Loan

One number to compare every loan

Two loans, both at 10%. One costs hundreds more. The ad won't tell you which one. A small box will.

You'll find out

  • Why the lowest rate can cost most
  • What the APR wraps up
  • The law that made lenders show it

Why it matters

Loans are sold by their headline rate. The APR shows the real price before you sign.

About 3 min6 interactive slides · 5 questionsLesson 47 · Zone 6

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