By law,interest points must be included when calculating the APR for the loan.

Name: By law,interest points must be included when calculating the APR for the loan.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. The APR (Annual Percentage Rate) takes into account not just the interest rate, but also any other fees or charges associated with the loan, such as origination fees or closing costs. The interest rate alone does not give an accurate representation of the true cost of the loan over time.

By Law,interest Points Must Be Included When Calculating the APR