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What Are Interest Rates, and How Do They Work?

From APRs to their impact on the economy, interest rates can seem complicated. Let this guide simplify things.

[Updated: Aug 30, 2021 ] Jan 04, 2020 by Liz Brumer

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Payment Principal Interest
First $144.09 $333.33
Halfway $261.41 $216.01
Last $475.84 $1.58
Mark discusses interest rates for investment

Got $1,000? The 10 Top Investments We’d Make Right Now

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