The interest rate expressed in terms of the interest payment made each period is called the compound interest rate:

Name: The interest rate expressed in terms of the interest payment made each period is called the compound interest rate:
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The interest rate expressed in terms of the interest payment made each period is called the nominal or stated interest rate. Compound interest rate refers to the effective interest rate, which takes into account the effects of compounding.

The Interest Rate Expressed in Terms of the Interest Payment