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What is the per-apr and the ear

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Reference no: EM132703700

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 =

Reference no: EM132703700

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