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What product is mined extensively on the island of Nauru in Micronesia?
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.
Nearest 0.01%
Rounded to the closest one-hundredth of a percent.
Interest Rate
A percentage that represents the cost of borrowing money or the profit earned from an investment.
Equivalent Interest
An interest rate or yield that is calculated to be comparable across different compounding periods or payment schedules.
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