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Annual Rate
The interest rate for a loan or investment over a one-year period, often used to compare the yield of financial products.
Student Loans
Loans taken by students to cover higher education expenses, expected to be repaid with interest.
Simple Interest Rates
Interest calculated only on the principal amount of a loan or deposit, without compounding over time.
Outstanding Balance
The amount of money owed on a loan, credit card, or any other debt that remains unpaid.
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