Some years ago banks didnt have to reveal the rates they charged on credit cards. Then Congress
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Some years ago banks didn’t have to reveal the rates they charged on credit cards. Then Congress passed the Truth in Lending Act that required banks to publish their APRs. Is the APR really the “most truthful” rate, or would the EFF%
be “more truthful”? Explain.
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Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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