AER
Annual Equivalent Rate: the standardised rate of interest which removes differences due to different payment patterns.
« Back to Glossary Indexby Mike Rawson ·
Annual Equivalent Rate: the standardised rate of interest which removes differences due to different payment patterns.
« Back to Glossary Index
by Mike Rawson · Published April 15, 2020 · Last modified May 14, 2020
by Mike Rawson · Published December 22, 2016
by Mike Rawson · Published November 16, 2020
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It is better to give than to lend, and it costs about the same.