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Math in Daily Life : How Is APR Calculated?

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Uploaded by on Nov 21, 2008

APR stands for annual percentage rate, which is often confused with interest rates. Find out the formula for calculating APR with lessons from a math teacher in this free video on math calculations for daily life.

Expert: Jimmy Chang
Bio: Jimmy Chang has been a math teacher at St. Pete College for nearly a decade. He has a master's degree in math, and his specialties include calculus, algebra, liberal arts, math and trigonometry.
Filmmaker: Christopher Rokosz

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  • This was horrible

  • Well, I've looked at your formula and all I can say is I can't see how it works. have I read the bottom line correctly? N+1 ?

    if so, I believe your formula is wrong or incomplete as this does not give the right answer.

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