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When discussing a loan, interest rates are expressed as a percentage of the
investment fees.
the principal.
the profit.
taxes owed.
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the principal.
Interest is the cost of borrowing expressed as a percentage of the loan principal (typically per year). For example, a 5% annual interest on a $1,000 loan costs $50 that year.
Interest is the cost of borrowing expressed as a percentage of the loan principal (typically per year). For example, a 5% annual interest on a $1,000 loan costs $50 that year.
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