Mathinve

DEBTOR/MAKER person who borrows money for any(prenominal) purpose loaner person or institution which loans the money INTEREST the recompensement for the uptake of borrowed money PRINCIPAL the capital or sum of money invested gait OF INTEREST fractional part of the principal that is paid on the loan TIME/TERM is the number of units (days, mos. years) of the time for which the money is borrowed and for which involution is calculated. FINAL AMT./MATURITY range the sum of the principal and quest which is accumulated at a certain time PRESENT VALUE/PROCEEDS the amt. received by the borrower SIMPLE INTEREST is worry in which only the original principal bears interest for the full term of the loan. COMPOUND INTEREST is interest added to the principal at the end of a certain period of time after(prenominal) which the interest is computed on the new principal ORDINARY (Io) if the interest is computed with a denominator of 360 EXACT (Ie) - if the interest is computed with a denominator of 365 ACTUAL TIME - is the little or actual number of days in any given month. APPROXAMATE TIME where all the months within in a year contain 30days. ACCUMULATION is the process of determining the amt. F of a given principal P due a specify time DISCOUNTING is the process of determining the present value P of any amt.

due in the future. DISCOUNT is a tax write-off from the final amt. F or maturity value MV of a loan or obligation. BANK DISCOUNT/INTEREST-INâ€" call forth also called simple discount PROMISSORY NOTES is a written foretell signed by the maker or debtor to pay a certain sum of money on hold or at fixed and determinable future date, * It is passable financial paper, It can be sold to a marge or lending agency at a specified discount rate. * Either interest-bearing or non-interest-bearing- line of reasoning FACE VALLUE (FV) of the note the amt borrowed consider of NOTE (Dn) the date the note was written MATURITY DATE (Md) the promised date of payment or due date... If you want to pass a full essay, order it on our website: Orderessay

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