Busy. Please wait.

Forgot Password?

Don't have an account?  Sign up 

show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.

Already a StudyStack user? Log In

Reset Password
Enter the email address associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know (0)
Know (0)
remaining cards (0)
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 10.0


Adjusted balance New principle after partial payment. Apply partial payment to interest due, subtract remainder of payment from principle. this is the adjusted balance.
Bankers Rule Time is exact days/360 in calculating simple interest
Exact interest Calculating simple interest using 365 days per year in time
Interest (I) Principle x rate x time = interest
Maturity value (MV) Principal plus interest (if interest is charged)Represents amount due on the due date.
Ordinary Interest Calculating simple interest using 360 days per year in time.
Principal (P) Amount of money that is originally borrowed, loaned, or deposited.
Simple Interest Interest is only calculated on the principal. In I=P x R x T, the interest plus original principal equals the maturity value of an interest-bearing note.
Simple Interest formula Interest = principal x rate x time principal = interest/rate x time rate = interest/principal x time time = interest/principal x rate
Time Expressed as years or fractional years, used to calculate the simple interest.
U.S. Rule Method that allows the borrower to receive proper interest credits when paying off a loan in more that one payment before the maturity date.
Created by: snowdens