Eggcellent Money Advice
The Stacking Benjamins Show
00:00
What's the Difference Between a P R and a Y?
The difference annual percentage rate, that's a p r, versus annual percentage yield, which is a p y. If anybody's quoting you an a p r for a loan, ask for the a p y because you'll know there will be a noticeable difference usually. Some people use these high tec terms, not ye, really high tect. Use these big words when smaller words would do. And i feel like it throws people off of their financial game or makes people afraid of things they shouldn't be afraid of.
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