The APR represents
the actual yearly cost to borrow the mortgage over the term of the loan.
The APR is
the actual yearly cost of the amount financed.
An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, and is expressed as a percentage that represents
the actual yearly cost of funds over the term of a loan.
Not exact matches
But here's the thing — when you say «[w] hat we can't afford with our current asset sheet is 1K / mo premiums with virtually no restrictions on
yearly rate hikes,» what you mean is that you can't afford the
actual costs of your retirement.
If you look at the above graph and compare the blue line (the
cost of life insurance on a
yearly basis) with the white line (permanent insurance, premiums level for life), you'll see that in the early years, the whole life premiums far exceed the
actual cost of insurance — the company is taking in premiums far higher than they need.
The APR is the
actual yearly interest rate paid by a borrower, figuring in the points charged to initiate the loan and other
costs.
But here's the thing — when you say «[w] hat we can't afford with our current asset sheet is 1K / mo premiums with virtually no restrictions on
yearly rate hikes,» what you mean is that you can't afford the
actual costs of your retirement.
Just the 12 billion for the IRS
yearly budget is enough to consider it inefficient and complete
actual costs is more than 10 times this amount.
If you look at the above graph and compare the blue line (the
cost of life insurance on a
yearly basis) with the white line (permanent insurance, premiums level for life), you'll see that in the early years, the whole life premiums far exceed the
actual cost of insurance — the company is taking in premiums far higher than they need.
The
yearly prices of protection may have no relation to the
actual mortality
costs charged against the policy in any given year.
Compared and analyzed weekly, monthly and
yearly actual cost to budget using Systems, Applications and Products (SAP) and the Integrated Forecasting System (IFS) financial reporting tools.
It is the
actual yearly interest rate paid by the borrower, including the points charged to initiate the loan and other
costs.