Annual equivalent rate (AER) - Financial definition
Translations: FR taux annuel équivalent (n.m.) ES tipo de interés anual equivalente (n.m.) DE äquivalenter Jahreszinssatz (n.m.) , entsprechender Jahreszinssatz (n.m.)
Concise definition of the term annual equivalent rate
The annual equivalent rate is the interest rate earned on an investment in a year after accounting for the effects of compounding interest.
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