What are the impacts of ears versus aprs to the borrowers


Task: Please help with the following problem. Provide at least 300 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: What are the impacts of ears versus aprs to the borrowers
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