Peer reviewed
Download full textERIC Number: EJ1069045
Record Type: Journal
Publication Date: 2015
Pages: 10
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1942-2504
EISSN: N/A
Annual Percentage Rate and Annual Effective Rate: Resolving Confusion in Intermediate Accounting Textbooks
Vicknair, David; Wright, Jeffrey
American Journal of Business Education, v8 n3 p207-216 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 and evaluated.
Descriptors: Accounting, Business Administration Education, Textbook Content, Textbook Evaluation, Evidence, Computation, Mathematical Formulas, Credit (Finance), Loan Repayment, Financial Services, Demonstrations (Educational), Bond Issues, Teaching Methods, Higher Education, Mathematical Concepts
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Publication Type: Journal Articles; Reports - Research; Information Analyses
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
