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The additional money paid for the use of a large sum of money is typically referred to as "interest." Interest is the cost of borrowing money, calculated as a percentage of the principal amount over a specific period. It compensates the lender for the risk and opportunity cost associated with lending the funds.
What else can I help you with?
What is the price paid for the use of a sum of money over a period of time?
That is interest.
What is a sum of money paid by a borrower on a loan?
A sum of money paid by a borrower on a loan is typically referred to as a "repayment" or "installment." This amount usually includes both principal and interest, and it is paid back to the lender over a specified period according to the terms of the loan agreement. Regular payments help reduce the outstanding balance of the loan until it is fully paid off.
What is gratuities?
a sum of money paid to an employee at the end of a period of employment
What are the advantages of a lump sum settlement?
The advantage of a lump sum settlement is that one does not have to pay tax on it. The money has already been paid, so there is no worry about arrears.
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.
Is wrestling a good job?
well if its your career you get paid a large sum of money
How much money was Betsy Ross paid?
The exact amount of money that Betsy Ross was paid for making the American flag is unknown. It has been said she was paid a large sum.
What is a large sum of money?
$100,000
Time frame prior to bankruptcy to acquire large sum of money?
Always file for bankruptcy as soon after getting a large sum of money as you can.
Are footballers paid a hefty amount?
a hefty sum of money
What is a sum of money paid to soldiers who join the army?
triburary
How much does child support increase if non custodial parent comes into a large sum of money?
The state sets the rates for child support. If he has paid up and is not in arrears, then the money is his to spend.
What is the philosophers legacy in MGS3?
A large sum of money
What term means a sum of money paid to recruits for sighning up?
Bounty
What is the price paid for the use of a sum of money over a period of time?
That is interest.
What is the term used for a specific sum of money paid out a specific interval?
What is the term used for a specific sum of money paid out at specific time Intervals ?Options : (A) Tax(B) Fee(C) Charity(D) Installment
What is the term used for a specific sum of money paid out at specific time Intervals?
What is the term used for a specific sum of money paid out at specific time Intervals ?Options : (A) Tax(B) Fee(C) Charity(D) Installment
