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Loans

What Is Interest?

January 13, 2022 by admin

Interest is the cost of borrowing money from someone else. The lender receives the interest that the borrower pays. The monetary charge for the privilege of borrowing money is known as interest, and it is usually expressed as an annual percentage rate (APR). The amount of money a lender or financial institution receives for lending out … Read more

Categories Loans Tags Compound Interest, Interest, Interest Rates, Simple Interest Leave a comment
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