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What a Loan Really Costs

Beginner Investing • 10 min

A, loan, has, more, than, one, price., The, one, you, see, advertised, the, most, is, rarely, the, one, that, decides, what, you, pay.The, interest, rate, shows, the, cost, of, borrowed, money, alone., The, APR, (annual, percentage, rate), includes, required, fees, as, well., That’s, why, it’s, the, number, to, use, when, comparing, two, loans, fairly., For, example,, a, 6%, loan, with, $3,000, in, fees, can,…

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