To paraphrase, rather than upfront payments, these added prices are added onto the cost of borrowing the loan and prorated in excess of the lifetime of the loan instead. If there aren't any service fees associated with a loan, then the interest charge equals the APR. To find out more https://raymondmzhqw.imblogs.net/88074761/the-fact-about-1750-loan-that-no-one-is-suggesting