Channel: Alanis Business Academy

Category: Education

Tags: how do u calculate interestcalculate interesthow do you calculate interest on devbtapr vs. interest rateapr definitionwhat exactly is an aprapr calculatorhow to calculate interest on a loanannual percentageinteresthow can i calculate interestinterest calculatorcredit card interet calculatorhow is debit interest calculatingwhat is an apr on a credit cardpercentage rate

Description: What’s better than watching videos from Alanis Business Academy? Doing so with a delicious cup of freshly brewed premium coffee. Visit lannacoffeeco.com and get free shipping on your online order. Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: youtube.com/alanisbusinessacademy?sub_confirmation=1 Help us learn more about your experience by completing this short survey: surveymonkey.com/r/RRKS8LZ Understanding the impact of interest on a loan is important to make good personal finance decisions. In this video, you'll learn how to calculate interest on consumer debt using the add-on method. While not the most common method of calculating interest, the add-on method represents a simple way of calculating interest and is often used in subprime lending. In addition to calculating interest, you'll also learn about annual percentage rates or APR for short. Calculating the APR is a great way to compare various loan​ products like credit cards, vehicle loans, and other forms of consumer debt.