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In propositional logic, modus ponens (/ ˈ m oʊ d ə s ˈ p oʊ n ɛ n z /; MP), also known as modus ponendo ponens (from Latin 'mode that by affirming affirms'), [1] implication elimination, or affirming the antecedent, [2] is a deductive argument form and rule of inference. [3] It can be summarized as "P implies Q. P is true. Therefore, Q ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. This article is about the financial term. For other uses, see Interest (disambiguation). Sum paid for the use of money A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers In finance and economics ...
The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present [income] over a dollar of future income". [1]
For example, suppose you have a savings account with an APY of 5 percent. That APY accounts for the simple interest rate and the additional interest due to monthly compounding earned in a year. If ...
The Fisher equation plays a key role in the Fisher hypothesis, which asserts that the real interest rate is unaffected by monetary policy and hence unaffected by the expected inflation rate. With a fixed real interest rate, a given percent change in the expected inflation rate will, according to the equation, necessarily be met with an equal ...
The nominal interest rate is the accounting interest rate – the percentage by which the amount of dollars (or other currency) owed by a borrower to a lender grows over time, while the real interest rate is the percentage by which the real purchasing power of the loan grows over time. In other words, the real interest rate is the nominal ...
With a fixed-rate product, such as a personal loan or savings account, the interest rate you sign up for is the interest rate you’ll either pay or earn for the life of the product.
Definition. Typical APR. Purchase APR. This is the interest rate applied to general purchases made with your card online, in person or over the phone. This varies greatly, but is usually close to ...