Approximations of the Annual Percentage Rate in Installment Plans.

Pinker, Aron

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ERIC Number: EJ244645

Record Type: Journal

Publication Date: 1981

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: N/A

EISSN: N/A

Approximations of the Annual Percentage Rate in Installment Plans.

Pinker, Aron

MATYC Journal, v15 n2 p131-39 Spr 1981

This report explains the mathematical origin of the Annual Percentage Rate (APR) approximation often used in elementary Business Mathematics courses. (MP)

Descriptors: Algorithms, College Mathematics, Higher Education, Mathematical Applications, Mathematics Instruction, Problem Solving, Secondary Education, Secondary School Mathematics, Two Year Colleges

Publication Type: Journal Articles; Guides - Classroom - Learner; Guides - Classroom - Teacher

Education Level: N/A

Audience: Practitioners

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A