Examlex
What are "key metaphors"?
Annual Rate
The interest rate for a period of one year, used to compare the yield of different financial products or investments.
Discount Rate
The interest rate charged to commercial banks and other financial institutions for the loans they take from the central bank's discount window, also a factor in present value calculations.
Perpetuity
A type of annuity that continues indefinitely, often used in financial modeling to represent a constant stream of identical cash flows without an end.
Interest Per Month
Interest per month is the amount of interest charged or earned on a loan or investment for a one-month period, typically expressed as a percentage of the principal.
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