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Which one of the following statements is incorrect? An installment loan is paid off with a series of equal periodic payments APR is the true
Which one of the following statements is incorrect?
An installment loan is paid off with a series of equal periodic payments
APR is the true effective annual interest charged by sellers
APR represents the true effective annual rate of interest
None of these.
The Truth in Lending Act regulates interest charges
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Shape Up Your Finances
Authors: Ian Birt
2nd Edition
1925716422, 978-1925716429
