Match each term to what it means

Exercise and reference answers

Matching pairs

1. Left

   Principal

   Right

   The amount actually borrowed

2. Left

   Annual rate

   Right

   Percent charged for a year

3. Left

   Simple interest

   Right

   Charged on the principal only

4. Left

   Loan payoff

   Right

   Principal plus the interest

5. Left

   Future value

   Right

   Investment plus its interest

6. Left

   Per centum

   Right

   Latin for by the hundred

Instructions

Tap a term on the left, then tap its meaning.

Explanation