QUESTION 1 1. The price paid for using money is called ____________. principal rate interest loan 10 points QUESTION 2 1. _________ interest applies when interest for each year is based on the amount of the loan or investment. Compound Simp


QUESTION 1

1.The worth remunerated for using specie is named ____________.

principal

rate

interest

loan

10 points   

QUESTION 2

1._________ concern applies when concern for each year is naturalized on the aggregate of the hypothecation or boarding.

Compound

Simple

Linear

Quadratic

10 points   

QUESTION 3

1._________ concern most repeatedly applies to savings accounts, installment hypothecations, and faith cards and is naturalized on the accumulated aggregate.

Compound

Simple

Linear

Quadratic

10 points   

QUESTION 4

1.________ is the aggregate of specie acquired or invested.

Interest

Principal

Principle

Rate

10 points   

QUESTION 5

1.__________ is the percent of the highest remunerated as concern per duration duration.

Principal

Interest

Rate

Principle

10 points   

QUESTION 6

1.________ is the calculate of days, months, or years that the specie is acquired or invested.

Rate

Principal

Time

Mortgage

10 points   

QUESTION 7

1._________ compute is the aggregate of the hypothecation plus the concern.

Loan

Maturity

Initial

Opening

10 points   

QUESTION 8

1.The ________ concern rebuke is the lowest rebuke at which specie is hypothecationed to the most preferred borrowers.

main

initial

prime

value

10 points   

QUESTION 9

1.________ duration is naturalized on counting 30 days in each month.

Exact

Preferred

Ordinary

Common

10 points   

QUESTION 10

1.________ duration is naturalized on counting the express calculate of days in a duration duration.

Exact

Ordinary

Latent

Preferred

10 points