1:00
en
CR
10
Fixedrateloans:Loans for which the interest rate does not change over the life of the loan.
Primerate:Interest rate the banks offer to their best business customers, such as large corporations.
Simpleinterest:Interest computed on the amount borrowed (or saved) only, without compounding.
Principal:The amount borrowed, or the unpaid portion of the amount borrowed, on which the borrower pays interest.
Downpayment:Part of the purchase price paid in cash up front, reducing the amount of the loan.
APRformula:2nf/P(N+1)
Financecharge:Total Price Paid – Cash Price
Computingrate:R = i/pt
Computingprincipal:P = i/rt
ComputingsimpleinterestInterest:(I) = Principal (P) * Rate (R) * Time (T)
Across:4. | (I) = Principal (P) * Rate (R) * Time (T) | 6. | 2nf/P(N+1) |
| 10. | Part of the purchase price paid in cash up front, reducing the amount of the loan. |
| | Down:1. | Total Price Paid – Cash Price | 2. | Loans for which the interest rate does not change over the life of the loan. | 3. | Interest computed on the amount borrowed (or saved) only, without compounding. | 5. | The amount borrowed, or the unpaid portion of the amount borrowed, on which the borrower pays interest. |
| 7. | Interest rate the banks offer to their best business customers, such as large corporations. | 8. | P = i/rt | 9. | R = i/pt |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only
Across:4. | (I) = Principal (P) * Rate (R) * Time (T) | 6. | 2nf/P(N+1) |
| 10. | Part of the purchase price paid in cash up front, reducing the amount of the loan. |
| | Down:1. | Total Price Paid – Cash Price | 2. | Loans for which the interest rate does not change over the life of the loan. | 3. | Interest computed on the amount borrowed (or saved) only, without compounding. | 5. | The amount borrowed, or the unpaid portion of the amount borrowed, on which the borrower pays interest. |
| 7. | Interest rate the banks offer to their best business customers, such as large corporations. | 8. | P = i/rt | 9. | R = i/pt |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only