an annual percentage rate, or apr, represents how much\ninterest is paid over a year.\ninterest is paid over…

an annual percentage rate, or apr, represents how much\ninterest is paid over a year.\ninterest is paid over many years.\nprincipal is paid over a year\nprincipal is paid over many years.

an annual percentage rate, or apr, represents how much\ninterest is paid over a year.\ninterest is paid over many years.\nprincipal is paid over a year\nprincipal is paid over many years.

Answer

Brief Explanations:

APR is an annual - based interest rate. It shows the amount of interest paid in one year. It does not relate to principal payment and is for a single - year period, not many years.

Answer:

interest is paid over a year.