A final payment of interest

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Reference no: EM13320407

Match the following terms with the examples as appropriate:Potential Matches: You obtained a business loan for four months. The loan will allow you to paid $300 in interest for three months and a final payment of interest and principal at the end of the four month.

You will pay $800 per month to cover both interest and principal. 3 : a way used by the US government to borrow money on short-term basis. 4 : You borrow $1,000 from your best friend. In return, you will give him back $1150 in 3 months.

Reference no: EM13320407

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