Question: APR implies a periodic rate, but is ambiguous about how long this period is . APR is the simple interest rate over 6 - months,

APR implies a periodic rate, but is ambiguous about how long this period is.
APR is the simple interest rate over 6-months, doubled
APR is the simple interest rate, compounded over 12 months
APR is the effective interest rate, compounded over 12 months
APR implies an annual rate, but is ambiguous about how this rate is calculated.

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