Gen Math

Question 1

the percentage of the principal amount which represents the cost or fee for
borrowing or lending a money.

Answer 1

Interest Rate

Question 2

amount paid or earned for the use of money

Answer 2

Interest

Question 3

is a series of payments made at equal intervals. A fixed sum of money paid
to someone at regular intervals, subject to a fixed compound interest rate.

Answer 3

Annuity

Question 4

where the payment interval is the same as the interest period

Answer 4

Simple Anniuty

Question 5

an annuity where the payment interval is not the same as the interest period.

Answer 5

General Annuity

Question 6

the amount of each payment.

Answer 6

Regular or Periodic Payment, (R)

Question 7

are defined as shares of ownership in a corporation. The payments are made in a
succession at regular intervals. a certain amount of money that is provided to a recipient on a
regular basis and is compounded at a set pace.

Answer 7

Stocks

Question 8

is a fixed income instrument that represents a loan made by an investor to a
borrower. It represents loans provided by investors to businesses and other organizations, such
government agencies, that have issued the bonds in order to raise capital without sacrificing
managerial control.

Answer 8

Bonds

Question 9

money lent specifically for a business purpose. It may be used to start a
business or to have a business expansion.

Answer 9

Business Loan

Question 10

money lent to an individual for personal or family purpose.

Answer 10

Consumer Loan

Question 11

a loan, secured by a collateral, that grants the lender the power to seize your
property if you are unable to pay back the amount you borrowed plus interest.

Answer 11

Mortgage