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What do we talk about when we name “interest rate”?

The interest rate is the stipulated payment, above the deposited value, that an investor must receive per unit of time determining the debtor, as a result of having used his money during that time. It is sometimes called the price of money, as it reflects how much a debtor pays a creditor for using his money for a period. It …


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Buy Cakes in China Using Installments for a 3-Year Credit Card? Here’s Millennial Behavior There

Can you buy cakes in China using credit card installments? or buy other daily necessities like hamburgers and lipstick using a credit card? Want to know what the answer is? Come on, just look at the following article.   Using Credit Card Installments in China Usually credit card installments are used for installments of goods that are quite expensive, such …

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How does it work with effective interest rates? – Any Loans

A good concept to keep track of when it comes to loans is effective interest rates. For some types of loans, it is basically only this figure that you need to compare. In simple terms, the effective interest rate is the sum of all the costs of the loan converted to an annual interest rate. Thus, there is little difference …