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AER is the interest rate most commonly used to make comparisons between savings accounts, because it allows you to see how much interest you'll earn over a full year. This calculation also takes into account bonuses, compounding and bank charges.
AER Form 101 - Application for Financial Assistance - Army Emergency Relief.
This figure shows what the interest rate would be if interest was paid and compounded on an annual basis. A higher AER means a greater return for you.
Did you know that Army Emergency Relief (AER) serves retired soldiers, as well as those on active duty? There are many categories of assistance available to soldiers on active duty that are also available to retired soldiers and their eligible family members.
AER doesn't charge late fees for its zero interest loans, but it does require you to repay them. Your payment amounts will be determined by your AER officer. Active-duty soldiers and families can pay by paycheck allotment, which AER can set up for you. You also can pay online or through check or money order.

People also ask

Three Ways to Apply Talk to your chain of command. Your chain of command has the power to approve immediate financial assistance up to $2,000. ... Visit your AER officer. Any Soldier (active or retired) can visit their nearest AER officer. ... Call the American Red Cross. Not located within 50 miles of a military installation?
AER doesn't charge late fees for its zero interest loans, but it does require you to repay them. Your payment amounts will be determined by your AER officer. Active-duty soldiers and families can pay by paycheck allotment, which AER can set up for you. You also can pay online or through check or money order.
Army Emergency Relief (AER) is a private, nonprofit organization that was created to help Soldiers and their Family members who experience financial emergencies. AER provides funds to help Soldiers with immediate financial needs with rent, utilities, emergency travel, etc.
To calculate AER: Divide the stated interest rate by the number of times a year that interest is paid (compounded) and add one.
Army Emergency Relief (AER) is a private, nonprofit organization that was created to help Soldiers and their Family members who experience financial emergencies. AER provides funds to help Soldiers with immediate financial needs with rent, utilities, emergency travel, etc.

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