Question: Look at this ad for a new car. Explain why the APR is higher than the interest rate. When is the APR more useful than

Look at this ad for a new car. Explain why the APR is higher than the interest rate. When is the APR more useful than the interest rate?

Drive Away with 4.95% APR

this offer is based on a new purchase with 60- month loan term at 4.4%.

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