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Questions and Answers
What is the annual rate, usually in percent, charged by the lender, or rate of increase of the investment?
What is the annual rate, usually in percent, charged by the lender, or rate of increase of the investment?
- Principal
- Rate (correct)
- Time
- Interest
What is the date on which the money is received by the borrower?
What is the date on which the money is received by the borrower?
- Repayment date
- Loan date (correct)
- Maturity date
- Origin date
What is the amount after t years that the lender receives from the borrower on the maturity date?
What is the amount after t years that the lender receives from the borrower on the maturity date?
- Future value
- Maturity value (correct)
- Principal
- Interest
What is interest that is computed on the principal and then added to it?
What is interest that is computed on the principal and then added to it?
What is the amount of money borrowed or invested on the origin date?
What is the amount of money borrowed or invested on the origin date?
What is the amount paid or earned for the use of money?
What is the amount paid or earned for the use of money?
Flashcards
Annual rate
Annual rate
The percentage rate charged by a lender for borrowing money or the rate of increase on an investment.
Loan date
Loan date
The date when the borrower receives the money.
Maturity value
Maturity value
The total amount paid back to the lender on the maturity date, including interest.
Simple Interest
Simple Interest
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Principal
Principal
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Interest
Interest
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