The conversation between human and AI assistant.
What is APR rate?
How can I calculate the APR rate on a loan?
To calculate the APR rate, you need to add up all the interest and fees charged over the year, and divide that total by the amount borrowed. This will give you the percentage of the total cost of borrowing over the year. However, it's usually easier to use an online APR calculator. Would you like me to find one for you?