Kahn Academy - Credit Cards and Loans

“The difference between APR and effective APR.”

Resource Details

When

Anytime

Where

Online

Cost

Free

Program Rating

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Description

Most of us have borrowed to buy something. Credit cards, in particular, can be quite convenient (but dangerous if not used in moderation). This tutorial explains credit card interest, how credit card companies make money and a far more silly way of borrowing money called “payday” loans.

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