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What did the word crusade originally mean?
Finance Charge
A fee representing the cost of credit, or the cost of borrowing, including interest and other charges.
Annual Effective Rate
The annual rate that reflects the compounding of interest, offering a true reflection of the financial product's profitability.
Monthly Compounded
Interest calculation method where interest is added to the principal balance every month, increasing the amount on which future interest is calculated.
Nominal Rate
The stated interest rate of an investment or loan, not including the effect of compound interest or inflation adjustments.
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