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All of the following became possessions of the United States under the provisions of the Treaty of Paris with Spain except
Simple Interest Rate
An interest rate calculation method that is based solely on the original principal amount and does not factor in compounded interest.
Loan
A sum of money that is borrowed, often from a financial institution, which is expected to be paid back with interest.
Interest
The payment required for obtaining the service of borrowing funds, typically denoted as a yearly percentage rate.
Interest Rate
The proportion of interest charged to a borrower by a lender for the use of borrowed money.
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