why is the annual percentage rate apr disclosed 
consumer protection laws require companies to disclose the aprs associated with their product offerings in order to prevent companies from misleading customers for instance if they were not required to disclose the apr a company might advertise a low monthly interest rate while implying to customers that it was an annual rate this could mislead a customer into comparing a seemingly low monthly rate against a seemingly high annual one by requiring all companies to disclose their aprs customers are presented with an apples to apples comparison 