It seems to me that there are people claiming what is not well calculated by themselves from the beginning.
#APR is an annual calculation. That is, what was received as a reward or interest that, if it continued like this, would add up to so much (example X).
Example:
In one year I received 12 bars of chocolate, it means that it was 1 bar of chocolate each month, it means that there were 30 squares that make up the bar of chocolate during that month, it means 1 square each day.
It does not mean that in the first 7 days of the year they will give me 12 chocolates.
Now do the math the other way around, day by day, until completing the year (if there are no variables).
That is the true account of #APR and generally what is received is not compounded, it is based on the original capital or say; of the investment.
