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GoodMad_ GoodMad_
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Posts: 3898
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7 years ago
On adjustable rate loans, the Annual Percentage Rate
A) takes into account the initial contract rate, and the highest possible contract rate given the terms of the loan.
B) takes into account the average expected contract rate over the duration of the loan.
C) is not published because future contract rates can not be known with certainty.
D) takes into account the initial contract rate on the loan, but not future contract rates.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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imoyseimoyse
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7 years ago
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GoodMad_ Author
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7 years ago
I'll mark it solved, you deserve it
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