direct ec european parliament council februari amend direct eec approxim law regul administr provis member state consum credit european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion econom social committe act accord procedur laid articl treati desir order promot establish function intern market ensur consum benefit high level protect singl method calcul annual percentag rate charg consum credit commun articl direct eec introduct commun method method calcul annual percentag rate charg order introduc singl method desir draw singl mathemat formula calcul annual percentag rate charg determin credit cost item calcul indic cost account annex ii direct eec introduc mathemat formula calcul annual percentag rate charg articl direct provid charg exclud calcul total cost credit consum transit period year januari member state prior march appli law permit mathemat formula calcul annual percentag rate charg permit continu appli law commiss submit report council make light experi appli singl commun mathemat formula calcul annual percentag rate charg member state made articl direct eec cost exclud calcul annual percentag rate charg member state obsolet accuraci decim place year presum dai dai leap year dai week equal month equal month presum dai desir consum recogn term member state annual percentag rate charg studi delai extent degre harmon cost element consum credit order put european consum posit make comparison actual percentag rate charg offer institut member state ensur harmoni function intern market adopt direct articl direct eec amend articl replac greek languag version direct english languag version direct annual percentag rate charg rate annual basi equal present commit loan repay charg futur exist agre creditor borrow calcul accord mathemat formula set annex ii articl delet articl delet articl replac prejudic council direct eec septemb relat approxim law regul administr provis member state mislead advertis rule principl applic unfair advertis advertis offer displai busi premis person offer credit offer arrang credit agreement rate interest figur relat cost credit includ statement annual percentag rate charg mean repres mean practic oj direct amend direct ec oj annex ii replac text annex attach hereto annex iii replac text annex ii attach hereto articl member state bring forc law regul administr provis compli direct year entri forc direct inform commiss thereof member state adopt measur refer direct accompani refer occas offici public method make refer laid member state member state commun commiss text provis nation law adopt field govern direct articl direct address member state brussel februari european parliament presid gil robl council presid cunningham oj oj oj opinion european parliament februari oj council common posit juli oj decis european parliament novemb council decis decemb oj direct amend direct eec oj annex annex ii basic equat express equival loan hand repay charg gt tabl gt mean letter symbol gt tabl gt remark amount paid parti time necessarili equal necessarili paid equal interv start date loan interv date calcul express year fraction year year presum dai dai leap year dai week equal month equal month presum dai gt num gt gt den gt result calcul express accuraci decim place round decim place rule appli figur decim place decim place greater equal figur decim place increas member state provid method resolut applic give result equal exampl present annex iii annex ii annex iii exampl calcul calcul annual percentag rate charg calendar basi year dai dai leap year sum loan ecu januari repaid singl payment ecu made juli year dai date loan equat gt tabl gt gt tabl gt amount round accuraci decim place prefer sum loan ecu creditor retain ecu administr expens loan fact ecu repay ecu made juli equat gt tabl gt gt tabl gt amount round sum loan ecu januari repay amount ecu paid year equat gt tabl gt solv algebra produc round accuraci decim place prefer fourth sum loan ecu januari amount paid borrow gt tabl gt equat gt tabl gt equat calcul success approxim program pocket calcul result round accuraci decim place prefer calcul annual percentag rate charg basi standard year year dai dai week equal month sum loan ecu repaid singl payment ecu made year dai dai dai month week date loan equat gt tabl gt gt tabl gt amount round accuraci decim place prefer sum loan ecu creditor retain ecu administr expens loan fact ecu repay ecu made year date loan equat gt tabl gt gt tabl gt amount round accuraci decim place prefer sum loan ecu repay amount ecu paid year equat gt tabl gt solv algebra produc round accuraci decim place prefer fourth sum loan ecu amount paid borrow gt tabl gt equat gt tabl gt equat calcul success approxim program pocket calcul result round accuraci decim place prefer