Under Truth-in-Lending Act, the cost of consumer credit must be expressed in an:

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The annual percentage rate (APR) is the cost of credit expressed as a yearly rate, which includes interest and any other fees associated with the loan or credit. This is required by the Truth-in-Lending Act to give consumers a clear understanding of the actual cost of credit. Options A, C, and D are not legitimate expressions for the cost of consumer credit.

Under Truth-In-Lending Act, the Cost of Consumer Credit Must Be