-Identify the structure labeled "g."
Definitions:
Revolving Line
A type of credit that does not have a fixed number of payments, in contrast to installment loans; credit is automatically renewed as debts are paid off.
Annual Interest Rate
The percentage of interest that is charged or earned on an investment or loan over the course of a year.
Revolving Line
A credit arrangement that allows a borrower to use or withdraw funds up to a designated limit, repay them, and borrow again.
Simple Interest
A method of calculating interest where the interest charge is based only on the original principal, not on the interest which has been added over time.
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