Write the Word or Phrase That Best Completes Each Statement $$528,000,000$$

question 98

Short Answer

Write the word or phrase that best completes each statement or answers the question.
Write the number in scientific notation.
- $$528,000,000$$

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Definitions:

Maturity

The point in time when a financial instrument, such as a bond or loan, reaches its due date and the principal must be repaid.

Bond

A fixed income investment in which an investor loans money to an entity that borrows the funds for a defined period at a variable or fixed interest rate.

Characteristics Of A Bond

Aspects that define a bond, including its maturity date, face value, coupon rate, and issuer, determining its suitability for investors.

Interest Rate

The cost incurred, calculated as a fraction of the principal, for utilizing assets, charged by the lender to the borrower.