QUIZ #1 Gen. Math. Final Term

It is the person (or institution) who invests the money or makes the funds available.

• lender

• creditor

• borrower

• debtor

A person (or institution) who owes the money or avails of the funds from the lender.

• lender

• creditor

• borrower

• debtor

It is the amount of money borrowed or invested on the origin date.

• principal amount

• interest

• rate

• maturity value

It is the amount paid or earned for the use of money.

• principal amount

• rate

• interest

• maturity value

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

• principal amount

• interest

• rate

• maturity value

The annual rate, usually in percent, charged by the lender, or rate of increase of the investment.

• principal amount

• rate

• interest

• maturity value

It is a type of interest in which only the principal bears interest for the entire term. The amount of interest paid for each period remains the same.

• simple interest

• compound interest

• cute interest

• big interest

It is a date on which the money borrowed or loan is to be completely repaid.

• maturity date

• maturity value

• loan date

• origin date

It is a type of interest applied to both the original principal and the accumulated interest at the end of each period. This means that the amount of interest to be paid increases every period.

• simple interest

• compound interest

• cute interest

• big interest

It is the date on which money is received by the borrower.

• maturity date

• origin date

• loan date

• maturity value