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Coop
@the_coopa
I research bidnisses for fun and personal finance is my 💰SDL | BGG | SLS
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May 11, 2020
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7 tweets
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2 min read
Just cuz it kicked my ass, don't mean it gotta kick yours!
Here's Interest Rate vs. APR vs. APY 🤔📊👇🏽
#30DaysofThreads
Interest Rate:
This is the amount of interest that you will PAY only* on the principal (starting amount) of the loan
Usually shown as a percentage (ex. 5%)