6. is the number of days, months, or years that the money is borrowed or invested. Rate Principal Time Mortgage 7. value is the amount of the loan plus the interest. Loan Maturity Initial Opening The interest rate is the lowest rate at which money is loaned to the most preferred borrowers. main in O prime value 9. time is based on counting 30 days in each month. Exact Preferred Ordinary Common 10. time is based on counting the actual number of days in a time period. Exact Ordinary O Latent Preferred