Royal Commission into Misconduct in the Banking ...
The Truth in Lending Act does not allow lenders to charge interest over 36% per year. (T or F) Some loans are exempt from the Truth in Lending Act. (T or F) In calculating an APR for Truth in Lending purposes, lenders use a 360-day year. (T or F) You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. ................
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