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The interest rate charged on such loans by a central bank is called the bank rate, discount rate, policy rate, base rate, or repo rate, and is separate and distinct from the prime rate. It is also not the same thing as the federal funds rate or its equivalents in other currencies, which determine the rate at which banks lend money to each other.
1944 Philippines five-centavo coin of the Commonwealth period. When the Philippines became a U.S. Commonwealth in 1935, the coat of arms of the Philippine Commonwealth was adopted and replaced the arms of the U.S. Territories on the reverse of coins while the obverse remained unchanged. This seal is composed of a much smaller eagle with its ...
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The outstanding balance B n of a loan after n regular payments increases each period by a growth factor according to the periodic interest, and then decreases by the amount paid p at the end of each period: = (+), where i = simple annual loan rate in decimal form (for example, 10% = 0.10. The loan rate is the rate used to compute payments and ...
A Back-to-back loan is a loan agreement between entities in two countries in which the currencies remain separate but the maturity dates remain fixed. The gross interest rates of the loan are separate as well and are set on the basis of the commercial rates in place when the agreement is signed.
Since 1963, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) has assigned local names to a tropical cyclone should it move into or form as a tropical depression in their area of responsibility located between 135°E and 115°E and between 5°N-25°N, even if the cyclone has had an international name assigned to it.
While it covers only 1.6% of the planet's oceanic area, the region has 76% of all known coral species in the world. As a habitat for 52% of Indo-Pacific reef fishes and 37% of the world's reef fishes, it contains the greatest diversity of coral reef fishes in the world [17] More than 3,000 species of bony fish are distributed over more than 90% of the Coral Triangle.
The President of the Philippines however coordinates with provincial administrators through the Department of the Interior and Local Government. For purposes of national representation, each province is guaranteed its own congressional district. One congressional representative represents each district in the House of Representatives.