The Calculation of the APR Should Take into Account Both

question 38

True/False

The calculation of the APR should take into account both the points on the loan and the contract rate.

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Definitions:

Vehicular Homicide

A legal charge for causing the death of a person due to illegal driving of an automobile, including driving under the influence.

Criminal Record

A documented history of an individual's criminal convictions and charges, maintained by government agencies.

Negligent Hiring

A legal claim made against an employer for hiring an individual who is unfit or dangerous, which results in harm or damage.

Hallucinogenic Drugs

Substances that induce alterations in perception, mood, and thought, often causing visual or auditory hallucinations.