Ceo Flashcards
A person or institution who invest the money or makes the funds available
Lender or creditor
Person or institution who owes the money or avail of the funds from the lender
Borrower or debtor
Date on which money is received by the borrower
Origin or loan date
Date on which the money borrowed or loan is to be completely repaid
Repayment date or maturity date
Amount of time in years the money is borrowed or invested; length of time between the origin and maturity date
Time or term (t)
Amount of time in years the money is borrowed or invested; length of time between the origin and maturity date
Time or term (t)
Amount of money borrowed or invested on the origin date
Principal (P)
Annual rate, usually in percent, charged by the lender, or rate of increase of the investment
Rate (r)
Amount paid or earned for the use of money
Interest (I)
Interest that is computed on the principal and then added to it
Simple interest (Is)
interest is computed on the principle and also on the accumulated past interest
Compound interest ( Ic)
Amount after years; hat the lender received from the borrower on the maturity date
Maturity value or future value (F)
Simple interest is charge on the loan amount called
Principal
The total amount we would need to pay back when we take a loan
Future value
Another name for future value is
Maturity value
