The total amount of money due at the end of a loan period is referred to as the:
A) compound interest
B) simple interest
C) principal
D) maturity value

Question

Quizplus · Accepted Answer

The total amount of money due at the end of a loan period is called the maturity value. Compound interest refers to interest that is added to the principal, generating more interest in future periods. Simple interest is calculated only on the principal amount. Principal refers to the initial amount of money borrowed or invested.

The Total Amount of Money Due at the End of a Loan