What is the purpose of the annual percentage rate measurement? Could lenders with the same interest rates

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What is the purpose of the annual percentage rate measurement? Could lenders with the same interest rates report different APRs?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:32 AM

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What is the purpose of the annual percentage rate measurement? Could lenders with the same interest rates

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The annual percentage rate is a measure required by the TruthinLending ...View the full answer

Personal Finance

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