What is the effective interest rate (EIR)?
The effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the percentage of interest on a loan or financial product if compound interest accumulates over a year during which no payments are made. It is the compound interest payable annually in arrears, based on the nominal interest rate. It is used to compare the interest rates between loans with different compounding periods, such as weekly, monthly, half-yearly or yearly.
Qual é a taxa de juro efetiva (EIR)?
A taxa de juros efetiva (EIR), taxa de juros efetiva anual, taxa de juros anual equivalente (AER) ou simplesmente taxa efetiva é a porcentagem de juros sobre um empréstimo ou produto financeiro se o juros compostos se acumula durante um ano em que não são feitos pagamentos. É o juros compostos pagáveis anualmente em atrasos, com base na taxa de juros nominal.