Because APR stands for annual percentage rate, some borrowers get confused and assume APR is annual and interest rate is not. In fact, APR just refers to the entire financing charges on a loan, expressed on an annual basis. The APR takes into account upfront closing costs or loan fees you pay to get the funds.ecause APR stands for annual percentage rate, some borrowers get confused and assume APR is annual and interest rate is not. In fact, APR just refers to the entire financing charges on a loan, expressed on an annual basis. The APR takes into account upfront closing costs or loan fees you pay to get the funds.
The average age of first-time hearing aid wearers is close to 70 years of age, despite the fact that the majority (65 percent) of people with hearing loss are below the age of 65; and nearly half of all people with hearing loss are below the age of 55.eople with a moderate to profound hearing loss, who did not use hearing aids, on average, experienced household incomes $5000-$6000 less than their counterparts who did use hearing aids. This is despite the fact that the higher hearing loss non-wearer groups tended to be employed slightly more often.
Hearing aids help people whoâve experienced hearing loss enjoy a better quality of life â but the devices can be expensive. The average price of one hearing aid is $2,300. Most people need two, doubling the cost. If your health insurer doesnât offer coverage, youâll want to have enough money in savings or a good cash-back credit card to cover the expense. The total cost depends on the type of hearing aid, its features and the level of professional services. Cost breakdown Typically, the hearing aid itself makes up only one-third of the total cost; professional fees and services account for the rest.