6 Questions
What is the annual rate, usually in percent, charged by the lender, or rate of increase of the investment?
Rate
What is the date on which the money is received by the borrower?
Loan date
What is the amount after t years that the lender receives from the borrower on the maturity date?
Maturity value
What is interest that is computed on the principal and then added to it?
Simple Interest
What is the amount of money borrowed or invested on the origin date?
Principal
What is the amount paid or earned for the use of money?
Interest
Test your knowledge of loan and borrowing terms with this quiz. Learn about concepts such as lender, borrower, origin date, repayment date, and time term.
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