Across
- 2. Power- generally cheaper than the standard utility rate
- 4. Rates Principle- the core concept that interest is calculated as a percentage of the principal, which is the original amount of money borrowed or invested.
- 5. value of money- the concept that money available today is worth more than the same amount in the future due to its earning potential through investments
- 8. Percentage Rate- the yearly cost of a loan, expressed as a percentage, that includes the interest rate plus other fees like origination fees and closing costs.
- 9. Interest- the interest calculated only on the original principal amount of a loan or investment, not on any accrued interest.
Down
- 1. of 72- shorthand calculation used in finance to estimate the number of years it takes for an investment or a debt to double in value at a fixed annual rate of return.
- 3. Reserve Bank- one of the 12 regional banks that make up the Federal Reserve System (FRS), the central bank of the United States
- 4. the financial fee for borrowing money or the return on an investment, expressed as a percentage of the principal.
- 6. of Money- the interest paid on borrowed capital or an imputed cost of capital for specific government contracts,
- 7. interest- a calculation where interest is earned not only on the initial principal but also on previously accumulated interest.