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What does principal mean in math terms?
principal(in terms of math)- the amount you borrow or deposit
What does the term principal reduction mean?
it means that you are reducing the amount of your original loan on the principal of your property....it's usually the amount less interest paid monthly that you are reducing.........thus the principal is reduced by that amount
What is the formula for finding the principal amount when you know the final amount rate and time?
Call F the final amount and P the principal. Then F = P(1+i)n F/(1+i)n = P
The initial amount of money borrowed or saved?
principal
Concering compound interest as the amount of principal increase the amount of interest paid decreases?
false
What does principal mean in math terms?
principal(in terms of math)- the amount you borrow or deposit
What does the term principal reduction mean?
it means that you are reducing the amount of your original loan on the principal of your property....it's usually the amount less interest paid monthly that you are reducing.........thus the principal is reduced by that amount
Is the base amount of a loan the principle or the principal?
The principal.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
Interest paid on both the principal and the interest accumulated on the principal is called?
amount
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
How can you lower the principal owed on your mortgage?
You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.
What is amount of money borrowed or saved?
principal
What is the amount of money borrowed or saved?
principal
Is the amount of money put into an account.?
Principal
What is the amount of money put into an account?
Principal
