3. Using terms from the following list, complete the sentences below. Write the term you have chosen in the space provided

a. The ______ is the cost of credit on a yearly basis expressed as a percentage.

b. The total dollar amount paid to use credit is the______ .

c. The smallest amount a borrower can pay on a credit card bill and remain a borrower in good standing is the______ .

d. With the ______, interest is calculated on the full amount of the original principal, no matter how often you make payments.

e. ______ is the interest computed only on the principal, the amount that you borrow

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finance charge minimum monthly payment annual percentage rate add-on interest method simple interest