Flashcards
Chapter 10
Flashcards do conjunto (9)
- 1InterestPrincipalxRatexTime
- 2PrincipalThe amount that was borrowed or deposited
- 3Maturity ValuePrincipal plus interest
- 4Simple InterestInterest=Principal x rate x time
- 5Exact InterestSimple interest and using 365 days of the year
- 6Timeyears (can be fraction for days)
- 7Ordinary InterestSimple interest with 360 days
- 8Banker's Ruletime is exact days/360
- 9U.S. Ruleborrowers to receive proper interest when paying loan off
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- FlashCards sobre Chapter 10, criado por DaLena Schultz em 15-09-2024.
- Criado por
- DaLena Schultz
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