Then convert ( r ) to TAE: [ \textTAE = (1 + r)^12 - 1 ]
1. Executive Summary The TAE (Tasa Anual Equivalente) — Annual Equivalent Rate — is a standardized financial metric mandated by EU and many Latin American banking regulations (e.g., Spain’s Ley 16/2011, Chile’s Ley de Protección al Consumidor). Unlike the nominal interest rate, TAE includes all compulsory costs of a loan or deposit (interest, origination fees, commissions, insurance premiums if mandatory) expressed as an annual percentage. simulador tae
If fees are charged upfront or spread across periods, they are included as additional cash flows at their respective times. A robust simulator must handle: Then convert ( r ) to TAE: [ \textTAE = (1 + r)^12 - 1 ] 1