Money lent to a borrower that must be repaid with interest is called a(n) When using a(n) a buyer puts off paying for a purchase until a time in the future. The formula for is |= Prt. When using a(n) money is immediately removed from a linked account. The formula for is A = P(1 + r)'. # credit card # debit card : loan # simple interest * compound interest
Money lent to a borrower that must be repaid with interest is called a(n) When using a(n) a buyer puts off paying for a purchase until a time in the future. The formula for is |= Prt. When using a(n) money is immediately removed from a linked account. The formula for is A = P(1 + r)'. # credit card # debit card : loan # simple interest * compound interest
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Match each term that best completes each statement.
Money lent to a borrower that must be
repaid with interest is called a(n)
When using a(n)
a buyer puts
off paying for a purchase until a time in
the future.
The formula for
is
|= Prt.
When using a(n)
money is
immediately removed from a linked
account.
The formula for
is A = P(1 + r)',.
: credit card
# debit card
: loan
: simple interest
* compound interest
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