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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.
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See Interest Rate.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The highest fertility rate among Omani women was 207.8 births per 1,000 women (between 25 and 29 years).
Martin, M.P.H., from the National Center for Health Statistics in Hyattsville, Maryland, and colleagues examined general fertility rates (number of births per 1,000 women aged 15 to 44 years) and teen birth rates using data from the National Vital Statistics System.
Contraceptive use has declined in Punjab in the past five years, further aggravating an already high fertility rate in the province.
Total fertility rate was highest in France (1.90 births per woman), followed by Sweden (1.78), Ireland (1.77), Denmark (1.75) and the United Kingdom (1.74).
Cyprus and Greece have the third and fourth lowest fertility rates in the EU with 1.32 and 1.35 births per woman, a Eurostat report published on Tuesday revealed.
Fertility rates in the UAE have fallen by 160 per cent from 1960 to 2017, while the demand for in vitro fertilisation (IVF) has gone up considerably, according to a new report.
The fertility rate all but halved to 2.4 children per woman by last year.
A new UNFPA report examines the various factors that have a bearing on fertility rates across the world, which in turn determine a country's developmental gains.
[USA], May 23 (ANI): Exposure to lead has an effect on fertility rates, finds a study.
"The economic benefits of a low fertility rate are less visible and largely private, while the public costs of it, such as pensions and healthcare, are all very visible so they get much attention," Lee told The Korea Times.
But shortly after Ehrlich's book, that began to change, with the total fertility rate going from 4.9 in 1960 to 2.4 in 2015.