Do you think that lending laws should require lenders to report Effective Annual Rates (EAR) or Annual

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Do you think that lending laws should require lenders to report Effective Annual Rates (EAR) or Annual Percentage Rates (APR)? Why? What are the impacts of EARs versus APRs to the borrowers?

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Management Process

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Authors: Lee Long

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Posted Date: Feb 16, 2022 03:14 AM

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Do you think that lending laws should require lenders to report Effective Annual Rates (EAR) or Annual Percentage Rates (APR)? Why? What are the impacts of EARs versus APRs to the borrowers?
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Do you think that lending laws should require lenders to report Effective Annual Rates (EAR) or Annual

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Solution Lending laws should require disclosure of EAR as it is more relevant for the borrow... View the full answer

Management Process

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