3.3 Vocab Flashcards
1
Q
Interest rate
A
the percentage of principal charged by the lender for the use of its money
2
Q
the percentage of principal charged by the lender for the use of its money
A
Interest rate
3
Q
Accrued interest
A
the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
4
Q
the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
A
Accrued interest
