A: Use the same formula but invert cash flows (negative deposit, positive interest + principal return). The bank must show "TAE" for deposits, but it's often equal to nominal rate if no fees. Conclusion The Simulador TAE Banco de España is not a single online button but a methodology for honest financial comparison. Whether you use Excel, a consumer association’s tool, or a bank’s own simulator, always ensure that all obligatory fees are included.
A: No, unless the contract makes it mandatory. Simulators typically assume standard repayment. simulador tae banco de españa
[ \sum_k=1^n \fracA_k(1+TAE)^t_k = \sum_j=1^m \fracD_j(1+TAE)^s_j ] A: Use the same formula but invert cash
A: If there are zero fees, TAE = 0%. If a €100 fee on €1000 purchase, TAE could be ~30% for a 3-month term. a consumer association’s tool