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Interest Rates
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Interest is the cost of borrowing money. It is often expressed as a percentage of the amount borrowed —this is the interest rate. As a lender of money, you receive interest as payment for providing the funds and taking on the risk of lending. As a borrower, you pay interest.
Video and transcript available here: https://invested.mdm.ca/financial-literacy/interest-rates
* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).
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