How Do I Calculate Aer Interest Rates?

Answer

To calculate AER interest rates, you use the formula AER = (1+ (r/n)) ^n-1; where r= interest rate and n=number of times the interest is paid. AER, Annual Effective Rate, is a measure of how much of the annual paid rate is equal to the interest being paid. The rate is used in the timing of interest paid.
Q&A Related to "How Do I Calculate Aer Interest Rates"
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