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|Spanish to English translations [Non-PRO]|
|Spanish term or phrase: TAE|
|When it is said:|
El banco le proporciona un interés del 5% TAE
|English translation:effective annual rate|
The actual rate of yield calculated when interest is compounded more than once a year. Also called (in the UK, I believe, the equivalent annual rate.
Selected response from:
Alvin Adams, Jr
Local time: 05:48
|Thanks for anwering that fast (and right)!!!|
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