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IFS Topic 3

Borrowing

QuestionAnswer
What does APR stand for? Annual Percentage Rate
By law, all lenders have to tell you their ___ of borrowing from them. APR
This means the APR cannot change over the course of the loan. Fixed APR
The legal way in which interest rates have to be quoted for overdrafts. EAR
Created by: katyworton
Popular Accounting sets

 

 



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