Understanding APR

first_img 155SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Derek San Filippo Derek is a freelance writer who spends his off time either working with his rescue animals or writing children’s books. He lives in San Diego with his beautiful wife … Web: www.financialfeed.com Details According to the Financial Industry Regulatory Authority, 65% of Americans lack financial literacy. With this in mind, let’s look at a common financial phrase that you’ve heard if you’ve ever borrowed money before, be it credit cards or student loans.The APR (Annual Percentage Rate) refers to the actual cost of borrowing money, which includes the interest rate,closing costs,broker fees, etc. The important point here is that the actual interest rate can be, in many cases, be only one component of the APR calculation. APR was adopted as a standard so that consumers shopping for loans can really compare apples to apples.For example, suppose you’re considering two options for a $10,000, one year personal loan. One charges 12% and no application fee. The other charges 10%, but also a $250 application fee. Which is the better deal? In other words, which loan will cost you fewer total dollars?Whether the loan fee is paid up front or withheld from your loan proceeds also affects the APR. For this example, we’ll assume the loan fee is paid up front.Based on these parameters, the loan that charges “only” 10%, but adds a $250 loan fee, carries an APR of 14.813%. However, since there are no fees associated with the other loan, the interest rate and the APR are the same – 12%. In short, the loan with the higher interest rate is the better deal in this instance.The lesson here is that when you’re shopping for a loan, don’t be fooled by an interest rate that looks too good to be true. It often is. All lenders are required to disclose the APR on any loan they make, so always use APR as your point of comparison. Otherwise, you may find yourself paying way more for credit than you realized.last_img read more

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After the flood

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Clippers’ Avery Bradley hopes his big moment in Friday’s win will help him adjust

first_imgSigns of progress were evident Friday, when Bradley finished with 13 points on 5-of-8 shooting, in addition to three assists, two rebounds, a block and that grand theft with 5.3 seconds left.That heads-up strip of Garrett Temple served to make up for Bradley’s missed free throw moments before – and to set up another trip to the line for Bradley, who made both of those tries.“I hope it’s a game that can get me going, give me some confidence,” Bradley said. “Doc’s not on the court to comfort me, I just have to try to learn how to play off those guys. I have to find how to be efficient in other ways. That’s team basketball and I’m just trying to learn every single game.”TEODOSIC’S FUTUREBefore the game, Rivers addressed reports in Serbian media that Clippers guard Milos Teodosic said he expected to return to play in Europe, possibly this season.In his second season with the Clippers, Teodosic, a superb passer, has appeared in eight games. He has 18 assists, 14 fouls and is averaging 2.9 points. He didn’t play Friday.“I doubt that happens, but we want Milos to be happy too; he’s a great guy and he’s great for this organization,” Rivers said “He’s been a great pro here. Obviously, he hasn’t played the minutes or the way he wants to, but we love him around here, so we’ll figure that all out.”Related Articles For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory Newsroom GuidelinesNews TipsContact UsReport an Error Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 But Clippers coach Doc Rivers’ confidence in Bradley never seemed to waver. Despite his struggles to score, he’s been in the starting lineup each game since returning from the sprained ankle.“He’s a gamer, Avery Bradley is,” said Rivers, who also coached Bradley when he was a member of the Boston Celtics. “He missed all of last year. He missed some of this year. But what doesn’t go away is he’s been in a lot of big games in his life. He’s a defensive star, he really is, he’s one of the best in the league. And you just know eventually his offense is going to come.“But it’s just going to take time and I’m patient with that.”Bradley recognizes that he’s undergoing an adjustment with the Clippers, but that hasn’t made it easy.“The most important thing for me is learning how to play off of (Danilo Gallinari) and Tobias,” Bradley said. “It’s a new role for me. Playing on this team, not being one of the main offensive guys, I’m just trying to learn how to pick my spots and learn how I can help our team.” LOS ANGELES — Avery Bradley had a huge steal to seal the Clippers’ overtime victory Friday – and, boy, did he need it.This season has not gotten off to a rip-roaring start for the 27-year-old shooting guard, a pro’s pro by all accounts.After a groin injury cost him all but six games last season with the Clippers, who acquired him (and Tobias Harris and Boban Marjanovic) when they traded Blake Griffin to Detroit in January, Bradley was dealt an ankle injury this season that sidelined him for six games.When he’s been in the lineup, the respected on-ball defender has struggled to find his footing offensively. A career 12-point-per-game scorer, he entered Friday’s 112-107 overtime victory over the Memphis Grizzlies averaging 6.6 points and shooting 35.6 percent from the field. Clippers hope they can play to their capabilities, quell Mavericks’ momentum last_img read more

GRACE CHOSEN TO REPRESENT GLASGOW AT MARY FROM DUNGLOE FESTIVAL

first_imgGlasgow Mary Grace SweeneyOne of the highlights of the week was crowning Ms Grace Sweeney as the Glasgow representative to the 46th Mary From Dungloe Festival . Grace is no stranger to Dungloe and the Rosses …..her parents are from Meenacross and MeenaBhaoil.The committee including Mrs Angela Medford and Mrs Breeda Ojo introduced Grace on stage at Saturday’s Festival St Patrick’s Day festival in Glasgow and there was a huge applause.Grace said: “I am thrilled to be representing Glasgow , I have been to the festival so many times and admired the Marys. “I can hardly believe I am going to be a part of it this year . I can’t wait. My parents are so proud and we are looking forward to a very exciting week in Dungloe”.Glasgow was a sea of Green on Saturday.The Donegal and Irish families celebrated their national day in style at the Merchants Square in the centre of Glasgow with Irish traditional music & ceilidh.Mr Danny Boyle and the Irish Heritage Association started the week long festival at the Marriott Hotel , hosting special guest Manus Boyle from the 1992 All-Ireland winning Donegal team and the Sam Maguire Cup.  GRACE CHOSEN TO REPRESENT GLASGOW AT MARY FROM DUNGLOE FESTIVAL was last modified: March 18th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GlasgowGRACE CHOSEN TO REPRESENT GLASGOW AT MARY FROM DUNGLOE FESTIVALSam Maguirelast_img read more