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The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What is principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What is the original amount borrowed or invested is called the?
The original amount borrowed or invested is called the principal. This is the initial sum of money on which interest is calculated, representing the core value of the loan or investment before any interest or returns are applied. Understanding the principal is crucial for calculating interest and determining the overall financial implications of a loan or investment.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
The amount of money invested in a corporation by the owners is called?
equity
What is A lump of money invested or borrowed not including interest?
Principal.
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
How is the interest rate usually measured?
The interest rate is typically measured as a percentage of the amount borrowed or invested, representing the cost of borrowing money or the return on an investment.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
