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Earn +20 ptsQ: What do you mean principal amount?
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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
The initial amount of money borrowed or saved?
principal
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
Concering compound interest as the amount of principal increase the amount of interest paid decreases?
false
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