The ________ Format Includes an Optional Dollar Sign Placed Immediately

question 58

Short Answer

The ________ format includes an optional dollar sign placed immediately to the left of a number.

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Definitions:

Investment

The operation of earmarking financial resources with the hope of obtaining a return or profit.

Simple Interest

A method of calculating interest where the interest charge is based on the original principal only, not on the accumulated interest.

Maturity Value

The amount payable to an investor at the end of a security's term or life, which typically includes the principal plus interest.

Principal

The original sum of money borrowed in a loan or the initial amount of money invested, excluding any interest or gains.