– Do you wanna know what
APR is and how does it work? Hi, I’m Ryan Amaradio, and today, I’m gonna
share with you what APR is and how it works. (lively music) Before we go into that, make sure you subscribe to our channel, so that way when we release new videos, you’ll be the first to get notified. So what exactly is APR? APR stands for annual percentage rate. So the annual percentage rate is going to be the interest rate that you have on your loan or your credit cards that you are going to pay
over a year period of time. For example, if you have a $20,000 loan, add a 20% APR, and that $20,000 loan
stays maxed out for a year. The cost of you having
that loan is $4,000 a year, ’cause that’s 20% of the $20,000. Now, if you have enjoyed this video, feel free to like, share or comment, or you can visit us at
AlleviateFinancial.com for more information about debt relief. (lively music)