Assertion: effective interest rate | /r/HasProperty | eir
Facets:
Source sentences:
text: Effective Interest Rate (EIR) =
text: The effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate and expressed as the equivalent interest rate if compound interest was payable annually in arrears.