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Match each phrase with the correct term.       Based on initial investment only. Fixed obligation...

  1. Match each phrase with the correct term.

     

Based on initial investment only.

Fixed obligation to pay an amount in cash.

Rent paid or received for the use of money.

     

The rate at which money will actually grow.

Interest accumulates on interest.

a.

Simple interest.

b.

Monetary liability.

c.

Interest.

d.

Effective yield.

e.

Compound interest.
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Answer -

Matching each Phrase with the correct Term -

Matching each Phrase ( by letter ) with the correct Term Phrases Terms
a. Based on initial investment only. a. Simple interest.   
b. Fixed obligation to pay an amount in cash. b. Monetary liability.
c. Rent paid or received for the use of money.    c. Interest.
d. The rate at which money will actually grow. d. Effective yield.
e. Interest accumulates on interest. e. Compound interest.
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