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What Is Interest Rates

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Interest rates generally refer to the general level of interest that a borrower has to pay a lender to borrow a certain amount of money for a certain amount of time.

The interest rate is essentially the percentage rate of fee paid on borrowed money. lenders use this as a way of making a profit on the money that they loan out.

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An interest rate is a fee that you are charged for borrowing money, expressed as a percentage of the total amount of the loan. So if you borrow money, either in a home, car or personal loan, you pay interest on it.

A rate which is charged or paid for the use of money. An interest rate is often expressed as an annual percentage of the principal. It is calculated by dividing the amount of interest by the amount of principal. Interest rates often change as a result of inflation and Federal reserve board policies.

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Interest rate refers to the annual cost of a loan to a borrower and is expressed as a percentage APR is the annual cost of a loan to a borrower – including fees. Like an interest rate, the APR is expressed as a percentage.

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It gauges investors risk level, so when they believe there is more risk in the market, investors will require more interest.

The interest rate that moves markets is the federal funds rate. Also known as the discount rate, this is the rate depository institutions are charged for borrowing money from Federal Reserve banks.

A higher rate or a longer-term loan results in the borrower paying more. Example: An interest rate of five percent per year and a balance of $100 results in interest charges of $5 per year assuming you use simple interest. To see the calculation, use the Google Sheets spreadsheet with this example.

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