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Category: Loan

Effective interest rate, what is it really?

Sep 11, 2019MARCUS WILSONLoan

Everyone has at one time or another heard the term effective interest rate. But what is it really? According to the statistics, it is approx. 65% of consumers who do not understand what is meant by effective interest rates. We will try to clarify what the effective interest rate is, why it is used and…

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