fate, destiny, 1834, from Turkish qismet, from Arabic qismah, qismat portion, lot, fate, from root of qasama he divided.. From a nation of enthusiasts and conquerors, the Osmanlis became a nation of sleepers and smokers. They came into Europe with the sword in one hand and the Koran in the other: were they driven out of their encampment, it would be with the Koran in one hand and the pipe in the other, crying: 'Kismet! Kismet! Allah kehrim!' (God hath willed it!
In some areas, the annual percentage rate (APR) is the simplified counterpart to the effective interest rate that the borrower will pay on a loan. In many countries and jurisdictions, lenders (such as banks) are required to disclose the cost of borrowing in some standardized way as a form of consumer protection.
This new loan amount, along with the interest rate (5.00%), is used to calculate a new monthly payment ($1,089.75). The APR is then calculated by working backwards to figure out what the rate would have to be for a loan with the new monthly payment ($1,089.75) and the original loan amount ($200,000). This is your APR (5.13%). The APR is typically higher than the interest rate because it includes the fees.