The total amount that a series of future payment is worth is called the ________.
A)principal
B)percentage
C)interest
D)rate

Question

Quizplus · Accepted Answer

The total amount that a series of future payments is worth now is referred to as the "principal." This term is commonly used in finance to describe the original sum of money borrowed in a loan or put into an investment, as well as the total amount of future payments' current value.

The Total Amount That a Series of Future Payment Is