Choose the word or phrase from the dropdown menu that corresponds to each given definition.

$1$

J Interest that is computed on the original principal only.

Select$-$

The sum of the principal and interest after $t$ years.

$$

Select$-$

Select$-$

Select$-$

Select$-$

An account earning interest into which you make periodic deposits or from which you make period withdrawals.

Select$-$

Select$-$

The difference between the value of a home and the outstanding balance on the property.

The annual rate of interest that, when compounded annually, will yield the same accumulated amount as the nominal rate compou

A home loan in which the interest rate is changed periodically based on a financial index.

A repayment on the outstanding principal, made at the end of a loan period.

Select$-$

Interval of time between successive interest calculations.

Select$-$

The period during which you are making withdrawals from your annuity account, during which the value of the account decreases.

Select$-$

Select$-$

$-$Select$-$

The sequence of deposits or withdrawals.

The process of paying off a loan.

$-$Select$-$

The period during which you are contributing to your annuity account, during which the value of the account increases.

The time period of an investment.

Interest that is periodically added to the principal and therefore earns interest at the same rate $($i$.$e$.$ you earn interest on both the inter

An account that is set up for a specific purpose at some future date.