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Which of the following statements is not correct? a. There is more than one formula to approximate a loan's APR. b. APR is the true

Which of the following statements is not correct? a. There is more than one formula to approximate a loan's APR. b. APR is the true effective annual interest rate charged by lenders. c. The Truth in Lending Act regulates interest rates. d. The Truth in Lending Act was passed in 1969. e. None of the above

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