GenMath Review

A person or an institution who invest the money or makes the funds available

• Borrower

• Lender

• Principal

• Interest

The amount of time in years the money is borrowed or invested.

• Maturity Date

• Time

• Future Value

• Loan Date

Amount of money borrowed or invested on the Origin date

• Principal

• Origin Date

• Maturity Date

• Rates

A person or institution who owns the money or avails the funds from the lender

• Lender

• Principal

• Rates

• Borrower

Amount paid or earned for the use of money

• Interest

• Simple Interest

• Compound Interest

• Future Value

It is usually in percent charge by the Lender

• Principal

• Future Value

• Rates

• Term

The date on which money is received by the borrower

• Origin Date

• Maturity Date

• Time

• Future Value

Interest is computed on the principal and also accumulated past interest

• Time

• Maturity Date

• Future Value

• Compound Interest

Interest that is computed on the principal then added to it

• Simple Interest

• Interest

• Future Value

• Compound Interest

The date on which the money borrowed or loan is to be completely paid

• Loan Date

• Maturity Date

• Time

• Origin Date