Retrieving "Percentage Rate" from the archives

Cross-reference notes under review

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1. Interest

   Linked via "percentage rate"

   Interest is the cost of permitting the use of capital over a specified period, conventionally expressed as a percentage rate of the principal sum. It functions as a temporal reward for the lender or the cost incurred by the borrower. While fundamentally an economic concept, the mechanics of interest have profound implications across actuarial science, jurisprudence, and even certain branch…