|SimpleToAER (InterestSimple, PmtsPerYear)|
|Convert a simple interest rate to an AER (annual equivalent rate)|
|Takes an annual rate specified as a simple interest rate, and using knowledge about the number of payments made per year, converts to an AER (annual equivalent rate)|
Whats good or unique about it
Performs a simple adjustment from one rate to another without needing to know exact payment timing.
TemplatesThis function features in the following downloadable spreadsheet template(s):