Question: The Annual Percentage Rate ( APR ) . . . expresses the Actuarial Interest Rate ( AIR ) on an annual basis expresses the Contractual

The Annual Percentage Rate (APR)...
expresses the Actuarial Interest Rate (AIR) on an annual basis
expresses the Contractual Interest Rate on (CIR) an annual basis
considers all the costs, excluding the cost of capital
None of the above
is always equal to the Actuarial Interest Rate (AIR)
The Annual Percentage Rate ( APR ) . . .

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