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What Are Some of the Fears Clive Thompson Explores in His

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What are some of the fears Clive Thompson explores in his article?


Definitions:

Interest Paid

Interest paid refers to the amount of money a borrower pays to a lender for the use of borrowed funds over a period of time, typically expressed as a rate of the principal.

Equal Installments

Equal installments refer to payments of the same amount made periodically over the term of a loan or financing agreement.

Interest

The charge for borrowing money or the return on invested capital.

Nominal Annual Rate

The stated or face interest rate of a financial product, not adjusting for compounding or inflation over time.

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