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Interest Rate

The percentage of the value of a balance or debt that one pays or is paid each time period. For example, if one holds a bond with a face value of $1,000 and a 3% interest rate payable each quarter, one receives $30 each quarter. The percentage of the interest rate remains constant (usually), but the amount one pays or is paid changes according to the amount of the balance or debt. For example, if one pays off part of the principal on a loan each month, the amount one pays in interest decreases even though the rate remains the same. See also: Time Value of Money.

Rate

See Interest Rate.

References in periodicals archive ?
Infant mortality rates also vary greatly between states, to an alarming degree.
India has the highest infant mortality rate in the world, a nationwide survey reveals.
The infant mortality rate declined in part because fewer babies died due to prematurity and low birthweight.
The difference is also partly due to a slightly higher infant mortality rate in the U.
Her lawyer, Dr Michael Forde, cited the high infant mortality rate in Nigeria as grounds against her deportation.
1953: Liverpool's infant mortality rate was on the decline with 35 out of every 1,000 births resulting in a mortality.
The valley's African-American infant mortality rate was 32.
Cuba's infant mortality rate has fallen to less than six deaths per thousand babies born, the lowest in Latin America, according to government figures, reports AFP (Jan.
The infant mortality rate among minority communities turned out to be 314 infant deaths for every 3,050 live births, or 10.
This might be related to the fact that one factor through which religious affiliation affected the infant mortality rate - the low proportion of breast-feeding among Catholics - was no longer able to differentiate the various groups as soon as the mother had died.
At the turn of the century the infant mortality rate in many foundling homes hovered between 80 and 90 percent.
The young suffer an infant mortality rate of up to 80 percent.

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