The interest expense a consumer pays for debt that is expressed in simple, annual-percentage
terms. The Federal Truth in Lending Act requires that each consumer loan
agreement includes the APR.
"annual percentage rate." YourDictionary, n.d. Web. 18 September 2018. <http://www.yourdictionary.com/annual-percentage-rate>.
annual percentage rate. (n.d.). Retrieved September 18th, 2018, from http://www.yourdictionary.com/annual-percentage-rate
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