Business Mathematics

The person or (institution) who invests the money or makes the funds available

• Lender or Creditor

• Borrower or Debtor

• Principal

• Bondholder

The person or (institution) who owes the money or avails of the funds from the lender

• Lender or Creditor

• Borrower or Debtor

• Principal

• Bondholder

Tags

CCSS.6.NS.C.7C

The date on which money is received by the borrower

• Origin or Loan Date

• Repayment Date or Maturity Date

• Time

• Annually

The date on which the money borrowed or loan is to be completedly repaid.

• Origin or Loan Date

• Repayment Date or Maturity Date

• Time

• Annually

Tags

CCSS.HSF-IF.C.8B

The amount of money borrowed or invested on the origin date.

• Principal (P)

• Interest (I)

• Simple Interest

• Maturity Value or Future Value

Amount paid or earned for the use of money

• Coupon

• Interest (I)

• Simple Interest

• Compound Interest

Interest is computed on the principal and then added to it.

• Coupon

• Interest (I)

• Simple Interest

• Compound Interest

Tags

CCSS.7.RP.A.3

Interest is computed on the principal and also on the accumulated past interests.

• Coupon

• Interest (I)

• Simple Interest

• Compound Interest

The amount after a number of years that the lender receives from the borrower on the maturity date.

• Principal (P)

• Interest (I)

• Simple Interest

• Maturity Value or Future Value (F)

The annual rate, usually in percent, charged by the lender, or rate of increase of the investment

• Principal (P)

• Interest (I)

• Rate (r)

• Maturity Value or Future Value (F)