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Questions and Answers
The sum of the principal and interest refers to the Maturity value.
The sum of the principal and interest refers to the Maturity value.
True
The principal amount is the initial amount of money borrowed or invested.
The principal amount is the initial amount of money borrowed or invested.
True
Interest is the additional amount paid for the use of borrowed money.
Interest is the additional amount paid for the use of borrowed money.
True
