Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.
Interest rate Present value | (of X) the amount of money needed today in order to receive X at a future date given the interest rate. the price, calculated as a percentage of the amount borrowed, that a lender charges a borrower for the use of their savings for one year. |