Answer:
Debt service fund.
Explanation:
A debt service fund is a cash reserve that is used to pay for the interest and principal payments on certain types of debt.
B)5%
C)6.25%
D)5.5%
variable interest rate
real interest rate
annual percentage yield
Answer:
variable interest rate
Answer:
principal
really no explanation i just know this from my class last year
The money you deposit in a bank is called the 'principal'. This term applies to various types of accounts, like checking, savings, and CDs. Interest is the amount earned over time on that principal.
The money deposited in a bank is referred to as the principal. This terminology applies across different types of accounts, including checking, savings, and certificate of deposit (CD) accounts. For instance, if you deposit $500 into a new bank account, that amount is referred to as the principal. The interest is the money you earn over time based on that principal. Profit is generally not a term used in this context, as it generally pertains to the earnings from a business operation, not a bank account.
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