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The original amount of money borrowed is known as the principal.
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∙ 13y ago
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What following refers to the original amount of money that has borrowed on the loan?
principle
The amount of money you borrowed is called the what?
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 the amount of money you will have to pay back in addition to the money you borrowed?
Interest
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
What following refers to the original amount of money that has borrowed on the loan?
principle
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the 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.
Which term 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 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 amount of money borrowed or saved?
principal
What is the amount of money borrowed or saved?
principal
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
What is the initial amount of money borrowed or saved?
principal
The amount of money invested or borrowed is called what?
principal
