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What is equal to a percentage of principal for each period that the money has been lent?
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What is charges made for using another money?
The charge for illegally using other people's money is embezzlement. It refers to the theft or misappropriation of funds placed in one's trust.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
In which period of time did the largest percentage of growth in money invested in American businesses occur?
1850 to 1860
In which period of time did the largest percentage of growth in money invested in American business occur?
1850 to 1860
One characteristic of an annuity is that an equal sum of money is deposited or withdrawn each period?
yes
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
What is the difference between apr and interest?
APR is the annual percentage rate... how much per year you're paying in interest expressed as a percentage of the principal. Interest is the amount of money you're paying in order to borrow money. They're related, as you can see, but they're not quite the same thing.
What is a real world problem that involves a percent?
The amount of money that a money lender will charge you, per period (day, week, month, year) to borrow money will be a percentage of the sum borrowed.
What is meaning borrower?
Borrower. A person or company that has received money from another party with the agreement that the money will be repaid. Most borrowers borrow at interest, meaning they pay a certain percentage of the principal amount to the lender as compensation for borrowing.
What is an interest rate?
The interest rate is the cost of borrowing money, expressed as a percentage, usually over a period of one year.
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
