Interest Rate
The interest rate is the amount a lender charges a borrower and is a percentage of the amount loaned.
Source: Caroline Banton. Interest Rates: Different Types and What They Mean to Borrowers. Dotdash Meredith. 6 July 2022.
The interest rate is the amount a lender charges a borrower and is a percentage of the amount loaned.
Source: Caroline Banton. Interest Rates: Different Types and What They Mean to Borrowers. Dotdash Meredith. 6 July 2022.
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