Question: What's the difference between APR and EAR? A . EAR is a more accurate representation of what you'll actually pay in interest on a loan
What's the difference between APR and EAR?
A EAR is a more accurate representation of what you'll actually pay in interest on a loan than APR.
B Lenders are legally required to show borrowers the EAR on any loan offered.
C EAR computes interest on a loan from the first day of the loan, while APR computes interest from the end of the first month of the loan.
D EAR loans use compounding interest, and APR loans don't.
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