Intro of Loan initials abbr
The crossword clue Car loan initials with 3 letters has been solved by stanislav. The correct answer is APR.
Loan Initials Abbreviation Definition
In the 1880s, President Chester A. Arthur (1829–95) borrowed from a bank. The letters of the word “Arthur” are the three initials of his name (which is thus spelled with a single “a”).
This is one of the more famous loan initials: it has appeared in so many famous phrases (see below). It has also spawned phrases such as “the little man who could”, meaning someone who can do something, and “the little fellow who lost his legs in a car accident” — basically, someone who can’t do something.
Arthur was an American statesman and author, serving as vice president under President Ulysses S. Grant (1869–77) and as president from 1881 to 1885. He was born in New Haven, Connecticut; his father was an Irish immigrant who had been an itinerant merchant before opening a store in Connecticut and then moving to Ohio.
Arthur spent much time with his family on his grandfather’s farm in Ohio. He served as a United States Congressman (1853–57) and U.S. Secretary of State under Republican Presidents Abraham Lincoln (1861–65) and Andrew Johnson (1867-69). He won the popular vote for president twice but lost the electoral votes to both Lincoln and Johnson; he ran for president again in 1872 but was defeated by Democrat Rutherford B. Hayes.
Arthur died on May 4, 1895 at age 75 from heart disease at the home he had rented in Washington D.C.. The cause was reported as possibly pneumonia caused by overwork while serving as Secretary of State , though he was said to have suffered other ailments before this one.
APR – What is APR?
APR stands for Annual Percentage Rate. It’s an abbreviation for the three-word phrase “annual percentage rate” which means, roughly, how much you will pay per year on a loan (or line of credit) in interest.
A good way to think about this is to imagine a simple equation: a = x + y + z
where a = the amount of interest you will pay per year (in this case, $200) and x = the amount of principal you are paying in that year (in this case, $500). The term “y” denotes how much of your payment is interest; the term “z” denotes how much of your payment is principal.
Here’s an example: if you have $2,000 to spend on an adjustable-rate credit card, your minimum monthly payment would be $75. If you spend $250 on that card each month, then your monthly payment would be:
($250 – ($7512)), or ($150)($125), or ($150)($175) = $1,425. Here’s another example: if you have $2,000 to spend on CDs and are considering buying one today with a minimum term of five years at 6% annually: ($2,000 – ($2,000/0.06), or ($1,200)($1,200), or ($1,200)($1), or ($1), or 0… = $600. The final step in this calculation is z; just keep adding to it as long as you don’t exceed the maximum allowed length (which works out to be 11). For example: if you have CD-money available and want to buy a new CD with a minimum term of five years at 6% annually (with no annual servicing charges): (($2k0.06)/0.06 or 5000.06 or 5000.05 or 500*0)) * 0… = 595!
You can see that by putting all these numbers into the above equation we could get any number between 0 and 2k (with some rounding errors); get any number between 1 and 2k (again some rounding errors); get any number between 1 and 2k again but with more rounding errors; etc., etc., so we can get as big as we want without breaking our head while doing it 🙂.
APR: Short for Annual Percentage Rate
The Annual Percentage Rate that a bank or lender charges your loan on a regular basis. This is usually expressed as a number, but can also be expressed as an abbreviation: “APR” for Annual Percentage Rate.
I think we should be making it easier in this era to use loan initials instead of “APR”, because the number is more descriptive and clearer. It doesn’t sound quite so abstract when you look at the letters in context. We could even run through some examples of how many other loan initials are written as abbr (e.g., APR).
Loan Abbr: Car Loan Abbr #$APR $4,000 This would be a loan of $4,000 for four months at 5% APR. #$50000 $40,000 This would be a loan of $40,000 for five months at 4% APR. #$50000 $7000 This would be a loan of $7,000 for seven months at 3% APR. #$10000 $4500 This would be a loan for six months at 3% with an interest rate of $5000 per month #$50000 $0 This would be no interest for six months at 0% APR
LoanAbbr Car Loan Abbr #$APRxPO -4PM It’s interesting that in my earlier post about APRs here I noted that this was really just another way to express “Rate on Payment” and not APR itself! Here is another example:
LoanAbbr Car Loan Abbr #$APRxPO -10Y. It’s interesting that in my earlier post about APRs here I noted that this was really just another way to express “Rate on Payment” and not APR itself! Here is another example:
APR: What Does APR Stand For?
The answer to this clue is: APR: Annual Percentage Rate. It means that it refers to a sum of money that will be paid yearly on your loan in exchange for an agreed-upon amount of money per year during your loan period.
For example, if you pay $6,000 per year on a $100,000 loan with 0% interest and 20 years remaining, your APR will be .016% ($6,000 ÷ $100,000). If you pay $6,000 per year on a $100,000 loan with 15% interest and 20 years remaining your APR will be .01064%. If you pay $6,000 per year on a $100K loan with 25% interest and 20 years remaining your APR will be .008056%. If you pay only one dollar per day in rent over 2 decades your APR is 1/365th of 1%.
AAPRs can range from zero percent up through the maximum rate allowed by law or contract—that’s why they often aren’t listed prominently between lines in financial statements—and are usually expressed as decimal numbers and written as 10%, 15%, 25%, etc.
When APRs are listed in financial reports they appear as part of “typical monthly payment” because if there were no monthly payments made then it would show zero percent APR even though the actual monthly payment would be much higher than 0%. As
How to Calculate Your APR?
You can use a calculator for this. The formula is: (n × 2.4) + (m × 2.4) = (2.12) + (2.12)
I am not sure where I got this idea, but it works great!
What are Credit Card APRs?
While the APR is a simple concept, it can be complicated. It refers to the annual percentage rate (APR) of a credit card (there are other types as well).
The Annual Percentage Rate is also called the APR or APR. The APR is calculated on your credit card statement each month by your credit card issuer.
Credit card issuers use various methods to calculate the APR, including:
- Measuring the annual percentage rate, which is simply what they charge you each year (divided by 12)
- Using a model that calculates the APR based on loans you’ve taken out in the past
- Utilizing a number of other factors, such as interest rates and fees.
Credit card issuers may also use an “all-in” cost associated with borrowing money. This represents an average fee (on top of your annual percentage rate) that you have to pay over a period of time.
The all-in cost includes fees (such as fees for late payments) and interest charges that make up for any difference between what you’re actually paying and what you were paying before you borrowed money. The particular terms that apply to a particular type of credit card or loan are often referred to as “terms and conditions” in finance jargon. The all-in cost varies from one issuer to another depending on several factors, including:
• How much you borrow vs how much interest you pay – this varies from bank to bank and from one account balance to another; for example, some banks will charge more than 12% for people who borrow less than $4k at any given time; other banks will charge more than 24% for people who borrow more than $4k at any given time; some will offer different terms depending on how long they have your account open; etc.;
• The length of time that you have been subscribed to an account – this varies from bank to bank and from one account balance to another; some banks may offer different terms based on how long they have your account open vs others; etc.;
• The frequency with which you use your cards – some lenders may charge higher fees when they think you are going through physical cash withdrawals vs making online purchases vs everyone else – although there’s no legal requirement for cards issued by these companies not always charge higher fees when rules say so!
How Do You?
The abbreviation for “American Express” is “AMEX” or “AMEXA.”
The following are some useful loan initials: – AMEX: American Express – AMEXA: American Express Business – AML: Amlac, Amlac (Leading) – APR: American Payment Rate.