Examlex
The CPI is of public interest because changes in it trigger changes in labour contracts.
Equivalent Interest Rate
A rate that represents the annual interest yield of an investment or loan, taking into account the effects of compounding.
Nearest 0.01%
Measurement or calculation precision to the hundredth of a percent.
Equivalent Interest Rate
The interest rate that gives the same compounded financial outcome as other rates calculated over different time periods.
Nearest 0.01%
Rounding off a numerical figure to the closest one hundredth of a percent.
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