The (Annual Equivalent Rate) is a financial indicator that shows the real annual cost of a loan or the real annual return on a savings product. Unlike the nominal interest rate, the TAE includes:
[ TAE = \left(1 + \fracrn\right)^n - 1 ] Where: calculador tae
: This is the basic interest rate a bank quotes. It does not include extra costs or account for how often interest is paid (capitalization). The (Annual Equivalent Rate) is a financial indicator
: The frequency of payments per year (e.g., 12 for monthly). calculador tae
The standard formula used by a TAE Calculator is derived from the EU Directive 2008/48/EC: