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Whipsaw Glossary

Currently viewing the definition of: Effective Annual Rate
 
 
 Calculated as the total interest earned in the year divided by the capital amount at the start of the year, expressed as a percentage.  
 


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    • City
      The square mile in London that is home to major financial institutions. In recent years, the City has expanded to Canary Wharf as businesses have looked to move into this area.