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What is an annual equivalent rate?

In Personal Finance - Savings - Asked by Admin - 15 months ago

The annual equivalent rate or AER is a percentage the indicate the rate of interest if the interest is compounded, the AER is higher than the gross rate if the interest is paid monthly.

Answered by Admin - 15 months ago


Tags: annual equivalent rate, aer, personal finance, savings, what is an annual equivalent rate?

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One of the hardest aspects of personal finance is saving. Savings is very important but very challenging. Learning how to save money is important for getting ahead in life and growing in personal wealth. If you need advice on a specific question like "what is an annual equivalent rate?" or how to save money and answers to all your savings questions Zuuply.com can help.



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