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Interest Rate
The percentage of principal charged by the lender for the use of its money or the rate earned on investments.
Loan
A sum of money that is borrowed, often from a financial institution, which is expected to be paid back with interest.
Annual Interest Rate
The percentage increase in money that borrowers pay lenders over a year, typically applied to loans and savings.
Interest
The charge for borrowing money or the return for lending money, expressed as a percentage of the loan amount.
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