Illinois Code § 815 ILCS 375/2.13

"Annual percentage rate" means the nominal annual percentage rate
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of finance charge determined in accordance with the actuarial method of
computation with an accuracy at least to the nearest 1/4 of 1%; or at the
option of the seller, by application of the United States rule so that it may
be disclosed with an accuracy at least to the nearest 1/4 of 1%.

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