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Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are not true? 1-The annual percentage rate (APR) is considered

Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are not true?

1-The annual percentage rate (APR) is considered a more accurate measurement of what you will actually pay.

2-Lenders are legally required to show potential borrowers the effective annual rate (EAR) on any loan offered.

3-The difference between APR and EAR is not that large.

4-None of the above are untrue statements.

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