Examlex
What phrase best describes John the Scot's (or Erigena's) book On Nature?
Actual Interest Rate
The real cost of borrowing money, including all fees and interest rates, more comprehensively represented than the nominal interest rate.
Discount Rate
The percent used for calculating a trade or cash discount. The interest percent charged by the buyer of a discounted note.
Actual Interest Rate
A rephrased term for the effective interest rate that takes into account the compounding period, fees, or other loan terms, providing a true cost of borrowing.
Actual Interest Rate
The actual rate of interest earned or paid on an investment, loan, or other financial product over a period, typically accounting for compounding.
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