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Hernando and Fiona are in an advanced math class,which they love.In order to increase his effort in the class,Hernando's parents give him $5 for every "A" that he gets.Fiona's parents do not reward her for good grades.Fiona is more likely to do well in the class because of
Lump Sum Payment
A single payment made for the total amount owed, rather than breaking the payment into installments, often used in settling debts or purchasing goods.
Simple Interest
A method of calculating the interest charge on a loan or financial product based on the original principal amount and the interest rate over a period of time.
Principal Amount
This is the original sum of money borrowed in a loan or put into an investment, not including any interest or dividends.
Invested
Describes the act of allocating resources, usually money, into something to earn income or gain profits.
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