Loan Economics

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Across
  1. 2. Type of loan used to purchase or maintain a home ,land, or other types of real estate.
  2. 3. A formal request on paper for something.
  3. 4. Amount of money that a company's owner has put into it or owns.
  4. 7. Large amount of money ex: car loans & home mortgages.
  5. 9. Original amount of the loan or the money borrowed.
  6. 10. Interest calculated on the principal interest as well as any previously accumulated interest.
  7. 11. Length of time it will take for a borrower to repay the original principal and interest completely.
Down
  1. 1. Letter from a lender that specifies how much the lender is willing to lend you.
  2. 3. Anything that has current or future economic value to a business.
  3. 5. Fixed amount of money that must be repaid with regularly scheduled payments.
  4. 6. Interest calculated on the principal amount only.
  5. 8. A percentage of the principal the lender charges the borrower, must be paid back with original amount borrowed.