Select the correct option: (1) __________ is the number of days, months, or years that the money
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Question:
Select the correct option:
(1) __________ is the number of days, months, or years that the money is borrowed or invested.
(a) Interest
(b) Rate
(c) Principal
(d) Time
(e) Mortgage
(2) __________ value is the amount of the loan plus the interest.
(a) Loan
(b) Maturity
(c) Initial
(d) Opening
(e) Mortgage
(3) The __________ interest rate is the lowest rate at which money is loaned to the most preferred borrowers.
(A) main
(b) Initial
(c) Prime
(d) Value
(e) Loan amount
(4) __________ time is based on counting 30 days in each month.
(a) Exact
(b) Preferred
(C) ordinary
(d) common
(e) Advanced
Expert Answer:
Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Posted Date:
