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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.


See Interest Rate.

References in periodicals archive ?
They do, however, suggest that districts and states should measure and report the extended-year cohort rates in addition to the 4-year adjusted cohort rate.
Because many students who ultimately fail to graduate on time drop back in the system (i.e., they are retained in a grade) before they drop out, these individuals were accounted for by the use of a cohort rate. Accordingly, "drop backs" were defined as students who failed to graduate on time, but were still enrolled in school at the time of graduation.
If a cohort rate were calculated for all school districts nationwide, it would be possible to compare Los Angeles' on-time graduation rate with New York's rate or the rates in Rochester and in Miami.