Examlex
Which is a type of language disorder?
APR
Annual Percentage Rate, a comprehensive measure of the cost of borrowing on an annual basis, including interest and fees.
Effective Annual Rate
The real interest rate on an investment or loan, considering the effects of compounding over a one-year period.
Interest-Only
A loan payment option where the borrower is required to pay only the interest portion for a specific period.
Balloon Loan
A type of loan that typically requires small periodic payments and a large lump sum payment at the end of the loan term.
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