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Annual Interest Rate
The percentage of interest that is charged or earned on an investment or loan on an annual basis.
Purchasing Power
Purchasing power denotes the value of currency expressed in the quantity of goods or services that one unit of money can buy, often related to the effects of inflation or deflation.
Inflation
The tempo at which the prevalent prices for goods and services swell, erasing buying effectiveness.
Annual Interest Rate
The percentage of principal charged by the lender for the use of its money, calculated on an annual basis.
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