annual equivalent rate

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf gptkb:financial_technology
gptkbp:abbreviation gptkb:AER
gptkbp:accounts_for compound interest
gptkbp:computes (1 + r/n)^n - 1
gptkbp:contrastsWith annual percentage rate
gptkbp:describes interest rate
gptkbp:expressedIn annualized interest rate
gptkbp:helps_consumers compare interest rates
https://www.w3.org/2000/01/rdf-schema#label annual equivalent rate
gptkbp:location n = number of compounding periods per year
r = nominal interest rate
gptkbp:publishedBy banks
building societies
gptkbp:regulates gptkb:European_Union
gptkbp:requires UK financial regulations
gptkbp:used_in banking
finance
gptkbp:usedFor savings accounts
investment products
deposit accounts
gptkbp:bfsParent gptkb:Effective_Annual_Percentage_Rate
gptkbp:bfsLayer 7