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The APR is the annual percentage rate, and the EAR is the effective annual rate. If you are the lender, you are required to disclose

The APR is the annual percentage rate, and the EAR is the effective annual rate. If you are the lender, you are required to disclose the APR by law. If the APR is the rate that the lenders need to disclose, it means that the EAR is not as reliable as APR. If this is correct, explain why?

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