Interest Rate
An interest rate is the percentage of money paid by the borrower to use the money provided by a the lender. Normally, loan interest is expressed in APR [1], which is the interest rate compounded monthly.
Issue:
An interest rate is the percentage of money paid by the borrower to use the money provided by a the lender. Normally, loan interest is expressed in APR [1], which is the interest rate compounded monthly.