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Comparisons with pay-day and you may auto label loans

Comparisons with pay-day and you may auto label loans The connection anywhere between Annual percentage rate and you may dollar rates, yet not, is generally inverse: As the funds score larger, their words lengthen, thus APRs, being calculated to your an annual foundation, slide while you are dollars costs rise into high number of payments required. (Look for Figure step 3.) Cycle Stated financing intervals-exactly how many days financing is placed to help you history on the time the brand new

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