lesson 1: Illustrating Simple and Compound Interest

0.0(0)
studied byStudied by 0 people
full-widthCall with Kai
GameKnowt Play
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/9

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

10 Terms

1
New cards

Lender

person (institutuion) who invests the money or make the funds available

2
New cards

Borrower or Debtor

person (or intitution) who owes the money or avails of the funds from the lender

3
New cards

Origin or Load Date

date on which money is received by the borrower

4
New cards

Repayment or Maturity Date

date on which the money is borrowed or load is to be completely repaid

5
New cards

Time or term(t)

amount of time in years the money is borrowed or invested; length of time between the origin and maturity dates

6
New cards

Rate ( r )

annuak date, usually in percent, charged by the lender, or rate of increase of the investment

7
New cards

Interest (I)

amount paid or earned for the use of money

8
New cards

Simple Interest (I sub s)

interest that is computed on the principal and then added to it

9
New cards

Compound Interest( I sub c)

interest that is computed on the principal and then added to it

10
New cards

Maturity value or future value (F)

amount after the t years that the lender receives from the borrower on the maturity date