Borrowing Money

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Across
  1. 2. Borrowing money is called taking out a _____
  2. 3. _____ interest is where interest is also earned in previous time periods with the original principal
  3. 7. Simple interest is calculated as I = _____
  4. 8. Interest that is only calculated on the amount still owing as you pay back some money
  5. 9. Simple interest has a _____ rate of interest
  6. 11. Every two weeks is known as per _____
  7. 12. The interest earned on the original principal is _____ interest
Down
  1. 1. The a in % pa stands for _____, which is per year
  2. 4. The money invested, or borrowed
  3. 5. The loss in value of an object over a period of time
  4. 6. There are _____ months in a year
  5. 10. Final amount minus principal is equal to the _____
  6. 13. When you borrow money, you must _____ back the money