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APR Lesson Plans, Articles, Studies
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APR Definition
Annual percentage rate (APR) is the cost of a loan to the consumer annualy, that is a percentage of the credit granted by the lender. APR is instrumental for comparing the convenience of different loan options.
P0 is the first principal
r is the percentage rate for each payment
n is the number of payments for the loan
Background Information
- Annual percentage rate - Wikipedia [View resource]
- Annual Percentage Rate (APR): Overview and How to Calculate APR [View resource]
- Annual Percentage Rate (APR) and Effective APR [View resource]
- What is APR? [View resource]
- Mortgage APR Calculator [View resource]
- Financial Annual Percentage Rate Calculator [View resource]
K-12 Lesson Plans
- Calculate problems of limiting value using the formula S = Pen as it pertains to annual percentage rate. [View resource]
- Bottom-Line Personal Finance Myths [View resource]
- Introduction to Earning Interest APR, APY, and Compound Interest (Grades 9- 10) [View resource]
- Introduction to Earning Interest APR, APY, and Compound Interest (Grades 11- 12) [View resource]
- Introduction to Earning Interest APR, APY, and Compound Interest (Middle School) [View resource]
- Credit Cards [View resource]
- How Credit Card Interest Works - Lesson Plan [View resource]
- Your Life Your Money - PBS [View resource]
- Defensive Spending—Tackling Credit & Debit Cards [View resource]
Studies and Articles
- How to Calculate the Interest Rate on Payday Loans [View resource]
- The Challenge of Understanding Pricing of Micro-loans [View resource]
- Study on Interest Rate Restrictions (IRR) [View resource]
- The Pricing of Home Mortgage Loans to Minority Borrowers: How Much of the Apr Differential Can We Explain? [View resource]
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