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Match each term to what it names

Exercise and reference answers

Matching pairs
  1. Left
    Principal
    Right
    The sum lent at the start
  2. Left
    Annual pc rate
    Right
    Yearly percent of principal
  3. Left
    Term
    Right
    How long until repayment
  4. Left
    Origination date
    Right
    The day the loan is issued
  5. Left
    Loan payoff
    Right
    The whole sum to be repaid
  6. Left
    Future value
    Right
    What an investment grows to
Instructions
Tap a term on the left, then tap its meaning.

Explanation

_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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