What is the PER, APR and the EAR for a $15,000, 9 month (short term), where the
Fantastic news! We've Found the answer you've been seeking!
Question:
What is the PER, APR and the EAR for a $15,000, 9 month (short term), where the stated rate is 6%
1.Use the simple interest calculation
PER =
APR=
EAR =
2. Use the discount interest loan method
PER =
APR =
EAR =
Expert Answer:
Posted Date:
