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Download full textVicknair, David; Wright, Jeffrey – American Journal of Business Education, 2015
Evidence of confusion in intermediate accounting textbooks regarding the annual percentage rate (APR) and annual effective rate (AER) is presented. The APR and AER are briefly discussed in the context of a note payable and correct formulas for computing each is provided. Representative examples of the types of confusion that we found is presented…
Descriptors: Accounting, Business Administration Education, Textbook Content, Textbook Evaluation
Weinberg, Steven; Moore, Damien – Congressional Budget Office, 2006
The federal government's student loan programs for higher education convey substantial financial benefits to borrowers because of their broad availability and favorable terms. Of the various provisions included in a federal student loan contract, the option to consolidate individual loans contributes greatly to a borrower's benefits and the cost…
Descriptors: Federal Government, Student Loan Programs, Federal Aid, Loan Repayment
