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What would an employer do to encourage an employee to accept a promotion to a job in a higher grade?
Interest
The fee earned from lending money or the cost incurred for borrowing money, often expressed as an annual percentage rate.
Interest Rate
The part of a loan that incurs interest charges for the borrower, usually shown as an annual percent of the outstanding loan.
Investment
Allocating resources, such as capital or time, with the expectation of generating an income or profit.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the income earned from deposited funds.
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