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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.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is a borrowed capital?
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.
What is the maximum amount that can be borrowed from a 401k account?
The maximum amount that can be borrowed from a 401k account is typically 50 of the vested account balance, up to a maximum of 50,000.
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.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is amount of money borrowed or saved?
principal
What is the amount of money borrowed or saved?
principal
Is the original amount deposited or borrowed?
The original amount deposited is referred to as the principal in a savings context, while in a borrowing scenario, it is the amount borrowed from a lender. In both cases, the principal is the base amount on which interest is calculated. Therefore, whether it is deposited or borrowed depends on the financial context in which the term is used.
What is a borrowed capital?
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.
What is the maximum amount that can be borrowed from a 401k account?
The maximum amount that can be borrowed from a 401k account is typically 50 of the vested account balance, up to a maximum of 50,000.
The initial amount of money borrowed or saved?
principal
What is the initial amount of money borrowed or saved?
principal
The amount of money invested or borrowed is called what?
principal
