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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.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
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
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What is the total interest paid on the principal amount borrowed?
The total interest paid on the principal amount borrowed is the additional money paid on top of the original loan amount as compensation to the lender for borrowing the money.
