017: How to Calculate the Annual Equivalent Rate (AER)
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017: How to Calculate the Annual Equivalent Rate (AER)
I show you how to calculate the Annual Equivalent Rate of an investment. The Annual Equivalent Rate is abbreviated to AER and is the effective rate that you would receive on an investment. This video goes through an exam question that requires you to decide which bank offers the better return on your investment. Please note that the term ...
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