Question

Directions: With the given jumbled letters, identify what is being described in every clause.

1. P-O-C-O-M-N-U-D---R-T-E-I-N-T-E-S
An interest is computed on the principal and on the accumulated past interests
2.
V-R-E-C-O-N-N-1-O-S---E-P-R-O-I-D
A time between successive conversions of interest
3. T-R-E-N-I-T-S-E---A-T-E-R
Computed by dividing the annual rate of interest and the number of conversions per year
4. U-T-Y-I-N-A-N
A sequence of payments made at equal and fixed intervals or periods of time
5. A-S-C-H---L-U-E-A-V
Equal to the down payment added to the present value of the installment payments​

Answer 1

1. compound interest

2.conversation period

3.interest rate

4. annuity

5.cash value

Answer 2

1. compound interest
2. interest period
3. interest rate
4. annuity
5. cash value