Examlex
Which of the following is not a general characteristic of groundwater?
Effective Rate
The interest rate on a loan or investment, adjusted for the effect of compounding.
Interest Rate
The rate at which a borrower is charged interest for the money borrowed from a lender.
Cash Rebate
A partial refund to someone who has paid too much money for tax, rent, or a utility, or as a promotional incentive from the purchase of goods or services.
Effective Rate
The actual interest rate earned or paid on an investment, loan, or savings account, taking into account the effect of compounding.
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