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What is sum of money borrowed to buy a house?
Loan
What is the amount of money borrowed or deposited called?
The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.
What is a bunch of money called?
riches vast sum of money considerable sum of money or gold mine
What do you mean by loan?
A loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. Banks can give these out.
What is a share capital?
This is the sum of money the shareholders pay into which is called the share capital This is the sum of money the shareholders pay into which is called the share capital
What is sum of money borrowed to buy a house?
Loan
Word meaning the sum charged for borrowed money?
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
What does money costs of 7 percent mean?
If you borrow a sum of money you will have to pay back 7% more than you borrowed.
What is a bunch of money called?
riches vast sum of money considerable sum of money or gold mine
What do you mean by loan?
A loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. Banks can give these out.
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 the original amount borrowed or invested is called the?
The original amount borrowed or invested is called the principal. This is the initial sum of money on which interest is calculated, representing the core value of the loan or investment before any interest or returns are applied. Understanding the principal is crucial for calculating interest and determining the overall financial implications of a loan or investment.
What is a share capital?
This is the sum of money the shareholders pay into which is called the share capital This is the sum of money the shareholders pay into which is called the share capital
What is the math definition of principal?
The "principal" is the sum of money invested or borrowed, before interest or other revenue is added, or the remainder of that sum after payments have been made. In math, this applies to finance.
What is the advantage in paying with a lump sum?
The advantage of a person paying with a lump sum is that it will affect the interest that a person will pay on the money they have borrowed. Paying a lump sum will also help a person because a person will pay less on their interest and mortgage.
What refers to the original amount of the money that was borrowed on a loan?
The original amount of money borrowed on a loan is referred to as the "principal." This is the initial sum that the borrower receives and is obligated to repay, excluding any interest or fees. The principal amount is the basis for calculating interest over the life of the loan.
Is a sum of money?
55% of a sum of money is Rs 1.1 the sum of money is
