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principal
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What is the amount of money borrowed or saved?
principal
What is the initial amount of money borrowed or saved?
principal
The initial amount of money borrowed or saved?
principal
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
What s loan?
A Loan is to borrow something as in money and in the future you give the amount of money that you borrowed to the person that you borrowed the money from.
What is the price of money borrowed or saved called?
The price of money borrowed is called the interest rate. It represents the cost of borrowing funds, typically expressed as a percentage of the principal amount over a specific period. Conversely, the interest earned on money saved is also referred to as the interest rate, as it is the return on savings. In both cases, the interest rate reflects the opportunity cost of using funds.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
Is the price of money borrowed or saved called interest loan or money supply?
The price of money borrowed is called interest. When you borrow money, you pay interest to the lender as the cost of using their funds. Conversely, when you save money in a bank, you may earn interest on your savings. Money supply refers to the total amount of money available in an economy, which is a different concept.
What is the amount of money you will have to pay back in addition to the money you borrowed?
Interest
The amount of money invested or borrowed is called what?
principal
