aer

  1. C

    2007 - Formula for Calculating Interest due on given date with principal & AER

    Hi all, first post here though I've read thousands. I want to know what formula to use to calculate interest due on a loan on any particular date, where the rate is quoted as an AER (or Effective rate) and the interest is calculated (and compounded) daily (assuming no repayments made for this...

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