017 How to Calculate the Annual Equivalent Rate AER

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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 'Annual Equivalent Rate' is not referred to in the question. • You can download the excel file to this question here: https://www.dropbox.com/s/nu62znba4cn...

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