AER
Annual Equivalent Rate: the gross interest rate, excluding any bonus interest payable, when paid and compounded on an annual basis - Calculation of the Annual Equivalent Rate (AER)
APRAnnual Percentage Rate: aims to measure the true cost of a loan. Fees charged by the lender are included in the calculation, therefore if the APR will be lower if the term is longer.
What is an Annual Percentage Rate (APR)?
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aer v apr v etc