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What is the amount of money paid or earned for the use of money?
Wiki User
∙ 16y ago
Interest is earned or paid for the use of money
Wiki User
∙ 16y ago
Wiki User
∙ 6y agoThe financial term is interest.
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Where in life do WE use negative numbers?
When people are in debt! You can owe people so much money that you actually have a negative amount of money.
Rachael spent 36.32 in the grocery store she paid the exact amount and used exactly 4 bills and 4 coins what bills and coins did rachel use?
800
Is a negative integer less than o?
That's right, negative numbers are less than zero. If you have trouble with this concept, think about money. If you have no money and you are also in debt, that is the equivalent of having a negative amount of money. Even when you get some money, if you use it to pay off your debt you could still be left with no money. So with a negative quantity, you need to add to that quantity just to get to zero.
How can you use measly in a sentence?
Despite his best efforts, he could only earn a measly amount of money at his part-time job.
If your travel costs 2000 and you have 1500 and you invest this money at 3 percent interest rate compounded annually how long will it take to earn enough money for the trip?
Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
Is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
The amount paid or earned for the use of money?
simple intrest
Why does paid in capital and earned capital need to be kept separate?
Paid in Capital is the amount of investment a shareholder has contributed to the business for use and earned capital is the amount of profit that has been generated by the business itself. It must be separate for investor and shareholder information so that the difference between the two can be clearly stated.
Which concept does Adam Smith use to describe the amount of money commonly paid for any commodity?
Market price
What concepts does Adam smith use to describe the amount of money commonly paid for any commodity?
Market price
Is money paid for the use of money?
Interest.
What is another name for the rent paid to use someone else's money?
rent paid for the use of money is called what?
Which concept does Adam smith use to describe the amount of money commonly paid for any comodity?
Market price
What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
The price paid for the use of money is?
Interest.
