Describe an example which illustrates what O amount payable at the end of a set period of interest is. time a short-term contract requiring the issuer of the note (the borrower) to pay the holder of the note (the lender) a principal amount plus a certain percentage more on that principal at a specified annual rate for a specified length of time O 2 the same accumulated values at each point in time money earned by deposited funds. For exam- ple: opening a savings account and investing 4. amount k. The money grows to k(1+i) in a time period. This additional amount earned, ki, for lending money to the bank is interest. O amount added to the initial investment, such that it also earns interest