Questions tagged [apr]

Annual Percentage Rate

1 question with no upvoted or accepted answers
Filter by
Sorted by
Tagged with
0
votes
0answers
44 views

Why does APR not include compounding?

As I understand it the Annual Percentage Rate (APR) formula does not take compounding into account. It is, in effect, a nominal rate. Why is this? I thought that APR was designed to allow consumers to ...