Initial amount of money in transactions involving debt or investments is called the principal (P).

Related MCQs

• Initial amount of money in transactions involving debt or investments is called the principal (P).
• Initial amount of money in transactions involving debt or investments is called the principal (P).
• Initial amount of money in transactions involving debt or investments is called                  
• Initial amount of money in transactions involving debt or investments is called _________
• Initial amount of money in transactions involving debt or investments is called  
• the practice of charging an interest rate only to an initial sum (principal amount) is
• the practice of charging an interest rate only to an initial sum (principal amount) is _______
• Calculate future value on the principal amount of Rs. 2000 at the interest rate of 6% for the period of 5 years using simple interest
• Calculate future value on the principal amount of Rs. 2000 at the interest rate of 6% for the period of 5 years using simple interest
• Money has a time value because it can earn more money over time (earning power).