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Punitive damages must be reasonable.
Annual Interest
The amount of interest paid or earned over a one-year period, typically expressed as a percentage of the principal sum.
Loan Amount
The total sum of money borrowed from a lender that is expected to be repaid with interest.
Interest Rate
This is a fee, calculated as a percentage, that lenders charge borrowers for the use of their money or that borrowers earn on deposits.
Interest Payments
Payments made to lenders as compensation for the use of borrowed money, typically calculated as a percentage of the principal amount.
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