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Interest Rate
The fee, quantified as a percentage relative to the principal, levied by a lender on a borrower to utilize assets.
Rule of 70
A formula used to estimate the number of years required for an investment or the economy's output to double, calculated by dividing 70 by the annual growth rate.
Interest
The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
Risk Averse
The preference to avoid uncertainty and potential losses in decision-making, favoring safer options even if they offer lower potential returns.
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