Please calculate: 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 intere loan method PER

Please calculate: 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 intere loan method PER

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please calculate:
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 interek loan method
PER
APR
EAR

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