Across
- 3. Value - amount after 4 years that the lender receives from the borrower
- 6. - a person that loans money
- 7. Interest - interest is computed on the principle
- 10. Date - date on which money the money borrowed or loan
- 11. Annuity - interest conversion or compounding period is equal or the same as the payment interval
- 13. - amount of money borrowed or invested
- 15. Annuity - the periodic payment is not made at the beginning nor at the end of each payment interval, but some later date
- 16. - amount paid or earned for the use of money
Down
- 1. Date - date on wich money is received by the borrower
- 2. Annuity - annuity in which the periodic payment is made at the end of each payment interval.
- 4. - a person who owes the money
- 5. - fixed sum of money paid to someone at regular Intervals
- 8. Value of an annuity - is the total accumulation of the payments and interest earned
- 9. Annuity - interest conversion or compounding period is unequal or not the same as the payment interval
- 12. Value of an annuity - is the principal that must be invested today to provide the regular payments of an annuity.
- 14. - usually in percent, charge by the lender