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. 10 November 2018. <https://www.yourdictionary.com/annual-percentage-rate>.
annual percentage rate. (n.d.). Retrieved November 10th, 2018, from https://www.yourdictionary.com/annual-percentage-rate
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