Select the term from the list below that matches each of the following six descriptions.
-The difference between the principal amount of the note and its maturity value
A)Interest
B)Maturity value
C)Principal
D)Payee
E)Discounting
F)Term
G)Recourse
H)Implicit
I)Maker

Question

Quizplus · Accepted Answer

Interest is the cost of borrowing money, typically calculated as a percentage of the principal, which is the difference between the principal amount of the note and its maturity value.

Select the Term from the List Below That Matches Each