Examlex
Express the quotient 6/1000 as a decimal.
Actual Rate
The real interest rate or return on an investment, taking into account inflation.
Interest
The cost of borrowing money or the payment made to a lender by a borrower for the use of money, typically expressed as an annual percentage rate.
Credit Card
A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the holder's promise to pay for them at a later date.
Effective Annual Rate
The interest rate on a loan or financial product restated from the nominal rate as an annual rate, reflecting the effects of compounding.
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