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TAE

English translation: effective annual rate

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04:54 Aug 3, 2000
Spanish to English translations [Non-PRO]
Bus/Financial
Spanish term or phrase: TAE
When it is said:
El banco le proporciona un interés del 5% TAE
Kickoff
English translation:effective annual rate
Explanation:
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.

Good Luck
AA
Selected response from:

Alvin Adams, Jr
Local time: 14:23
Grading comment
Thanks for anwering that fast (and right)!!!
4 KudoZ points were awarded for this answer

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Summary of answers provided
naeffective annual rateAlvin Adams, Jr


  

Answers


24 mins
effective annual rate


Explanation:
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.

Good Luck
AA


    Reference: http://www.maygmo.net/conceptos/tae.html
    Reference: http://busadm.mu.edu/mandell/eair.html
Alvin Adams, Jr
Local time: 14:23
Native speaker of: English
PRO pts in pair: 222
Grading comment
Thanks for anwering that fast (and right)!!!
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