Essential Terms in Financial Mathematics Crossword Puzzle
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QUESTIONS LIST:
- rate : yearly rate of increase of the investment of the investment.
- compound interest : interest is computed on the principal and on the accumulated past interest
- loan : money borrowed from a bank or lender that you must pay back over time, usually with added interest.
- time of term : how long in years the money is borrowed or invested.
- simple interest : interest that is computed on the principal and then added into it.
- frequency of conversion : the number of conversion periods in one year.
- mortgage : specific type of loan used to buy real estates. the property itself is used as a guarantee (collateral) until the loan is fully paid.
- accumulated value : the total amount an investment is worth after a certain time, including the original investment and interest.
- appreciation : the increase in the value of an asset (like a house, land, or investment) over time.
- depreciation : the decrease in the value of an asset over time. it usually happens due to usage, aging, or becoming outdated.
