Solved: Lenders to report effective annual rates, Finance Basics

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Lenders to report effective annual rates

Problem:

Please help with the following problem. Provide at least 400 words in the solution.

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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Finance Basics: Lenders to report effective annual rates

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Finance Basics: Lenders to report effective annual rates

Reference No:- TGS02068616

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