GenMath Reviewer 2

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

• Creditor

• Debtor

• Borrower

• Mortgagor

What is the date on which money is received by the borrower?

• Annually

• Maturity Date

• Origin

• Repayment Date

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

• Mortgagee

• Creditor

• Lending Company

• Debtor

It is in percent, charged by the lender, or rate of increase of the investment.

• Rate

• Principal

• Interest

• Time/Term

The amount after t years; that the lender receives from the borrower on the maturity date.

• Principal

• Accumulated Value

• Present Value

• Interest

What is the amount paid or earned for the use of money?

• Interest

• Payment

• Penalty

• Investment

The type of interest that is computed solely on the principal and then added to it.

• General Annuity

• General Annuity

• Simple Interest

• Compound Interest

It is the amount of money borrowed or invested on the origin date.

• Annuity

• Interest

• Maturity Value

• Principal

What is the amount of time in years the money is borrowed or invested?

• Term

• Annually

• Semi-annually

• Loan Date

The date on which the loan gets paid.

• Repayment Date

• Conversion Period

• Origin

• Maturity Date