Select the term that matches each of the following descriptions.
-the difference between the principal amount of the note and its maturity value

Name: Select the term that matches each of the following descriptions. -the difference between the principal amount of the note and its maturity value
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Interest is the cost of borrowing money, calculated as the difference between the principal amount (the original amount borrowed) and the maturity value (the total amount to be paid back).

Select the Term That Matches Each of the Following Descriptions