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In Response To:
Thread Starter: Richard Insley
Title: Re: APR on single payment loan <1 year

Does anyone knowingly use the U.S. Rule method to calculate APRs? Arguably, for most single payment loans, the two methods should yield identical results--rendering the U.S. Rule method a meaningless distinction. For installment loans, the U.S. Rule can (must, in some cases) be used to calculate interest, but Reg. Z gives you no math or examples for calculating U.S. Rule APRs.