k0ambrleishray
Answered

So, I am trying to get this Unit test done ASAP. I'm behind in school and rushing to get everything completed before the semester is over. Can anyone help? I will be sooooooo thankful!!!!

here are the questions...

1. If you owe money to a creditor, you are a _____.
loaner
creditor
debtor
loanee
2. _____ is the amount of money owed in addition to the original amount.
Principal
Interest
APR
APY
3. The original amount owed on a loan is known as ____.
principal
available balance
credit
collateral

Answer :

Greenleafable
1. If you owe money to a creditor, you are a debtor. - If you owe somebody money, you are in debt, and that means you are a debtor
2. Interest is the amount of money owed in addition to the original amount. APR means annual percentage rate, and APY is annual percentage yield. Principal is the original amount.
3. The original amount owed on a loan is known as principal.

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