The amount of money borrowed in a transaction is called
A) Interest
B) Principal
C) Internal rate of return
D) Present discounted value

Question

Quizplus · Accepted Answer

Principal refers to the amount of money borrowed in a transaction. Interest refers to the cost of borrowing the money, internal rate of return is a measure of profitability, and present discounted value is the current value of future cash flows.

The Amount of Money Borrowed in a Transaction Is Called