## Let's breakdown those acronyms.

**APR** is most often expressed in terms of an interest rate (%). **Annual percentage rate (APR)** is a measure that attempts to calculate what percentage of the principal you’ll pay per period (in this case a year), taking every charge from monthly payments over the course of the loan, upfront fees, etc. into account.

**APR** is the annual rate of interest that is paid on an investment, without taking into account the compounding of interest within that year. **APR** is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied. It does not indicate how many times the rate is applied to the balance.

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