Abstract: Information technology (IT), in its myriad forms, is having a profound and palpable impact on IT users and their environments. Proposes and expounds on a framework of the roles of IT as an initiator, a facilitator, or an enabler. Illustrates the utilization of this framework by a review of the impacts of IT.
Annual Percentage Rate (APR) Annual Percentage Rate (APR) is the interest rate that reflects all the costs of the loan during a one year time period. The annual percentage rate includes loan fees and the compound interest rate during the year. There are at least three ways of computing effective annual percentage rate. 1) Compound the interest rate for each year, without considering fees.
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.