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Contract Rate
The agreed-upon rate specified in a contract that determines the amount of interest to be accrued on financial instruments such as loans or bonds.
Face Value
The nominal or dollar value printed on a security or financial instrument, such as a bond or stock.
Interest Paid
The amount paid by a borrower to a lender for the privilege of borrowing money, typically expressed as an annual percentage rate.
Effective Interest Rate
The true rate of simple interest.
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