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Fact: Financial lobbyists have successfully pushed to make it required to report APR instead of EAR when advertising rates for loans. Conclusion: This legislation is

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Fact: Financial lobbyists have successfully pushed to make it required to report APR instead of EAR when advertising rates for loans. Conclusion: This legislation is good because APR reflects more closely the actual interest rate a consumer would pay over the course of a year when compounding is taken into effect. Select the best answer to describe the conclusion written in blue above. Correct Incorrect 0 It doesn't matter. They are the same

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