Finance Terms People Confuse (and Lose Money Because of It): APR vs Interest Rate, Fixed vs Floating
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YouTubeRichology
Finance Terms People Confuse (and Lose Money Because of It): APR vs Interest Rate, Fixed vs Floating
People confuse these finance terms… and lose money because of it. Quick clarity: APR includes interest plus certain fees; Interest Rate is mainly the borrowing cost (interest only). Fixed interest stays predictable (e.g., 6%), while Floating (variable) can move over time (e.g., 6 → 8 → 7). Understanding these differences helps you choose ...
115 views3 weeks ago
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