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Differentiate the function.
Interest Rate
An Interest Rate is the percentage charged on the total amount of borrowed money or paid on savings, over a specific period of time.
Legally Binding
A term applied to agreements or contracts that have legal force, meaning they are enforceable by law.
Contracts
Legally enforceable agreements between two or more parties that create mutual obligations.
Minor
A person under the legal age of majority, typically under 18 years old, who has certain restrictions on their legal capabilities such as entering into contracts.
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