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Finance Formulas / July 11, 2018 / Rory Wise

If you have credit cards or bank loans for your home, you pay interest (or a finance charge) on that money at a specific percentage over the course of the year. This is called APR, or annual percentage rate. Calculating your APR on your credit cards takes only a few minutes if you know some key factors and a little algebra. The APR on mortgage loans, however, is different from the simple interest rate because of additional charges or fees to you for securing your loan.

lifetime value of a customer and the cost of acquiring that customer. This is a particularly crucial measure for subscription based companies.

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