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What is the PER

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Reference no: EM132940502

Question - If Sluggo borrows $1000 on a 270-day, 9-month basis, and a 4% APR:

a. Using simple interest calculations

i. What is the PER?

ii. What is the EAR?

iii. What is the APR?

b. Using the discount interest calculations:

i. What is the PER?

ii. What is the EAR?

iii. What is the APR?

Reference no: EM132940502

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What is the PER : If Sluggo borrows $1000 on a 270-day, 9-month basis, and a 4% APR: Using simple interest calculations - What is the PER
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