Walk 0.3 mile on a trail along the eastern shore to an open area of talus and boulders for a good place to sit in the sun above the lake. Nurse those knees for the descent. Lake Constance. A secluded tarn tucked in a cleft high on Mount Constance, this little lake's setting is awesome. Gaze into turquoise waters reflecting sheer cliff faces spiraling to the heavens. But to reach this stunning scene, you too must spiral to the heavens.
The annual percentage rate, or APR, is the interest rate charged on the amount borrowed. It reflects the annual cost of borrowing money. APR makes it easier to compare different loans and credit cards, because you can easily see which loan/credit card would be cheaper.
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.