interest rate multiplied by the ending balance that year not the original principal * 1 point\nfixed\nsimple\…

interest rate multiplied by the ending balance that year not the original principal * 1 point\nfixed\nsimple\nvariable\ncompound\nthe smaller the principal left in a loan * 1 point\nthe .......\nless interest can be earned by the lender\nless interest can be earned by the borrower\nwhat should you investigate first * 1 point\nbefore accepting a credit card offer?\nthe simple interest\nthe compound interest\napr after introductory rate\napr before the introductory rate

interest rate multiplied by the ending balance that year not the original principal * 1 point\nfixed\nsimple\nvariable\ncompound\nthe smaller the principal left in a loan * 1 point\nthe .......\nless interest can be earned by the lender\nless interest can be earned by the borrower\nwhat should you investigate first * 1 point\nbefore accepting a credit card offer?\nthe simple interest\nthe compound interest\napr after introductory rate\napr before the introductory rate

Answer

Brief Explanations:

  1. In compound - interest, the interest is calculated based on the ending balance of the previous period (including principal and accumulated interest), not just the original principal.
  2. Interest is earned by the lender. The smaller the principal left in a loan, the less interest the lender can earn as interest is calculated based on the principal amount outstanding.
  3. When considering a credit - card offer, the most important thing to investigate first is the APR (Annual Percentage Rate) after the introductory rate as the introductory rate is usually a short - term promotional rate and the long - term cost is determined by the APR after it expires.

Answer:

  1. D. compound
  2. A. less interest can be earned by the lender
  3. C. APR after introductory rate