{"id":97944,"date":"2022-10-03T21:27:09","date_gmt":"2022-10-03T21:27:09","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/question-1-1-the-price-paid-for-using-money-is-called-____________\/"},"modified":"2022-10-03T21:27:09","modified_gmt":"2022-10-03T21:27:09","slug":"question-1-1-the-price-paid-for-using-money-is-called-____________","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/question-1-1-the-price-paid-for-using-money-is-called-____________\/","title":{"rendered":"Question 1 1.\tthe price paid for using money is called ____________."},"content":{"rendered":"
\n

QUESTION 1<\/p>\n

1.The price paid for using money is called ____________.<\/p>\n

principal<\/span><\/p>\n

rate<\/span><\/p>\n

interest<\/span><\/p>\n

loan<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 2<\/p>\n

1._________ interest applies when interest for each year is based on the amount of the loan or investment.<\/p>\n

Compound<\/span><\/p>\n

Simple<\/span><\/p>\n

Linear<\/span><\/p>\n

Quadratic<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 3<\/p>\n

1._________ interest most often applies to savings accounts, installment loans, and credit cards and is based on the accumulated amount.<\/p>\n

Compound<\/span><\/p>\n

Simple<\/span><\/p>\n

Linear<\/span><\/p>\n

Quadratic<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 4<\/p>\n

1.________ is the amount of money borrowed or invested.<\/p>\n

Interest<\/span><\/p>\n

Principal<\/span><\/p>\n

Principle<\/span><\/p>\n

Rate<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 5<\/p>\n

1.__________ is the percent of the principal paid as interest per time period.<\/p>\n

Principal<\/span><\/p>\n

Interest<\/span><\/p>\n

Rate<\/span><\/p>\n

Principle<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 6<\/p>\n

1.________ is the number of days, months, or years that the money is borrowed or invested.<\/p>\n

Rate<\/span><\/p>\n

Principal<\/span><\/p>\n

Time<\/span><\/p>\n

Mortgage<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 7<\/p>\n

1._________ value is the amount of the loan plus the interest.<\/p>\n

Loan<\/span><\/p>\n

Maturity<\/span><\/p>\n

Initial<\/span><\/p>\n

Opening<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 8<\/p>\n

1.The ________ interest rate is the lowest rate at which money is loaned to the most preferred borrowers.<\/p>\n

main<\/span><\/p>\n

initial<\/span><\/p>\n

prime<\/span><\/p>\n

value<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 9<\/p>\n

1.________ time is based on counting 30 days in each month.<\/p>\n

Exact<\/span><\/p>\n

Preferred<\/span><\/p>\n

Ordinary<\/span><\/p>\n

Common<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

QUESTION 10<\/p>\n

1.________ time is based on counting the actual number of days in a time period.<\/p>\n

Exact<\/span><\/p>\n

Ordinary<\/span><\/p>\n

Latent<\/span><\/p>\n

Preferred<\/span><\/p>\n

10 points \u00a0\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

QUESTION 1 1.The price paid for using money is called ____________. principal rate interest loan 10 points \u00a0\u00a0 QUESTION 2 1._________ interest applies when interest for each year is based on the amount of the loan or investment. Compound Simple Linear Quadratic 10 points \u00a0\u00a0 QUESTION 3 1._________ interest most often applies to savings accounts, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-97944","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/97944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=97944"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/97944\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=97944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=97944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=97944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}