baking powder Baking powder is a mixture of one or more acidic salts and baking soda, an alkali. These two compounds react when they get wet and release carbon dioxide gas bubbles. These, in turn, cause baked goods to rise. Baking powder is perishable.
An Illinois Court held that the Illinois statutory rate of 9% interest is to be applied to the amounts due on a mortgage loan after foreclosure judgment is entered and before the foreclosure sale is confirmed.
The main difference is that the interest rate calculates what your actual monthly payment will be, says Sean O. McGeehan, a loan officer in Homer Glen, Illinois. The APR calculates the total cost of the loan.nnual percentage rate. The APR is a broader measure of the cost of your mortgage because it reflects the interest rate as well as other costs such as broker fees, discount points and some closing costs. The APR is also expressed as a percentage.