Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 Annual Percentage Rate is a common metric used in personal finance to convey the true cost of borrowing. This video builds upon our first video (Calculating APR, Part 1: https://youtu.be/GNihZ4lfYCA), by introducing the number of payments into our annual percentage rate calculations.