1.The price paid for using money is called ____________.
1._________ interest applies when interest for each year is based on the amount of the loan or investment.
1._________ interest most often applies to savings accounts, installment loans, and credit cards and is based on the accumulated amount.
1.________ is the amount of money borrowed or invested.
1.__________ is the percent of the principal paid as interest per time period.
1.________ is the number of days, months, or years that the money is borrowed or invested.
1._________ value is the amount of the loan plus the interest.
1.The ________ interest rate is the lowest rate at which money is loaned to the most preferred borrowers.
1.________ time is based on counting 30 days in each month.
1.________ time is based on counting the actual number of days in a time period.
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