Examlex
How far does a beam of light travel in one full year?
Per Annum
An annual rate or measurement, often used in the context of interest rates or financial growth rates.
Compounds Interest
Interest calculated on the initial principal as well as the accumulated interest of previous periods of a deposit or loan.
APR Loans
The Annual Percentage Rate of a loan encompasses the yearly interest rate plus any additional fees, representing the actual cost of borrowing.
EAR
Effective Annual Rate; the actual interest rate an investor or borrower receives or pays after compounding interest is taken into account over a year.
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