Effective annual interest rate - How is Effective annual interest rate abbreviated?
EAIR (redirected from Effective annual interest rate)
Also found in: Financial
|EAIR||European Higher Education Society (Netherlands)|
|EAIR||European Association for Institutional Research (now European Higher Education Society; Amsterdam, Netherlands)|
|EAIR||Effective Annual Interest Rate|
|EAIR||External Affairs and Investor Relations (Enterprise Florida, Inc.)|
|EAIR||Effluent from an Anaerobic Industrial Reactor (fish canning)|
References in periodicals archive
Assuming 360 days in a year, the effective annual interest rate
of the T-bill is computed as follows: ((1+0.0102)^(360/91))-1.
The bank will issue an additional USD70m of its 4.875% subordinated notes due 2025 to certain institutional investors, at a discounted price of 99.023% of the principal, resulting in an effective annual interest rate
of 5.125% to the purchasers till 30 July 2020, payable half yearly.
The app also allows the user to include loan processing fees that reduce the net proceeds to the borrower and tends to increase his effective annual interest rate