Answer:
Direction: Now that you are about to complete this module, I'm sure you may now
be able to write your reflections by completing the sentences given below.
1. I have learned that interest is
2. Simple interest is
3. Compound interest is
4. Is there a difference between simple and compound interests? Explain.
5. In terms of investment or loan, it is better to use
because
6. While simple interest and compound interest are basic financial concepts,
becoming thoroughly familiar with them may help you because
7. Lender or creditor-person (or institution) who invests the money or makes
the funds available
8. Borrower or debtor - person (or institution) who owes the money or avails of
the funds from the lender
9. Origin or loan date -- date on which money is received by the borrower
4. Repayment date or maturity date --date on which the money borrowed or loan
is to be completely repaid
5. Time or term (t)- amount of time in years the money is borrowed or invested;
length of time between the origin and maturity dates
6. Principal (P) -- amount of money borrowed or invested on the origin date
7. Rate(r)- annual rate, usually in percent, charged by the lender, or rate of
increase of the investinent
8. Interest (I) - amount paid or earned for the use of money
9. Simple Interest (Is) -- interest that is computed on the principal and then
added to it. (Is = Prt)
10. Compound Interest (Is)-interest is computed on the principal and also on the
accumulated past interests. (Is = F-P)
11. If an amount Pis invested at an interest rater compounded annually, then
the investment will increase to a value A (future value), at the end of t years. It
is modeled by the equation.
12. Conversion period (m) - the number of times in a year the interest will be
compounded, i.e., annually (m=1), semi-annually(m=2), quarterly(m=4) and
monthly (m=12).
Step-by-step explanation:
Sana nakatulong
it's me yuki.❤️
