Explain the Element of the Principle of Equality That Asserts

question 5

Essay

Explain the element of the principle of equality that asserts that one must show that there are such differences rather than just surmise that they exist.

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Definitions:

APR

Annual Percentage Rate, a measure used to compare the annual cost of borrowing or the annual yield from an investment, including interest and fees.

Quoted Loan Rates

The interest rates that banks or other lenders advertise as available to borrowers.

Competitive

Characterized by the existence of competition; striving to gain or win something by defeating or establishing superiority over others.