Disclosure Laws Require That a Borrower Be Quoted the "True

question 116

Multiple Choice

Disclosure laws require that a borrower be quoted the "true cost" of a loan,as reflected in the:

• A)internal rate of return (IRR).
• B)annual percentage rate (APR).
• C)net present value (NPV).
• D)flat rate of interest.
• E)interest rate on reducing balance.

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