genmathq2

Question 1

person or institution that invests the money or makes the funds availabale

Answer 1

lender/creditor

Question 2

person or institution that owes or borrows the money or avails the funds from the lender

Answer 2

borrower/debtor

Question 3

date on which the money is received by the borrower

Answer 3

origin or load date

Question 4

date on which the money borrowed or loaned is to be completely paid

Answer 4

maturity date/repayment date

Question 5

amount of time in years that the money was borrowed or invested; the time between origin and maturity date

Answer 5

time or term

Question 6

amount of money borrowed or invested on the origin date

Answer 6

principal

Question 7

annual rate, usually in percent, charged by the lender, rate of increase of investment

Answer 7

rate

Question 8

amount paid or earned for the use of money

Answer 8

interest

Question 9

interest that is computed on the principal and then added to it

Answer 9

simple interest

Question 10

interest is computed on the principal and the accumulated past interest

Answer 10

compound interest

Question 11

amount after t years the lender receives from the borrower on the maturity date

Answer 11

future value/maturity value