Asked by Jonathan Richardson on Jun 13, 2024

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The amount charged for using the money of another party

A) Face amount
B) Term
C) Interest
D) Maturity value
E) Dishonored note
F) Maker
G) Notes receivable
H) Interest rate

Interest

The cost of borrowing money or the return that is earned on invested funds, typically expressed as an annual percentage rate.

Using Money

Likely referring to the utilization of financial resources or capital for transactions, investments, or other financial activities.

  • Master the handling of notes receivable, which includes calculating and recognizing interest.
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FJ
Fidel JohnathanJun 20, 2024
Final Answer :
C
Explanation :
Interest is the cost of borrowing money, which is the amount charged by the lender to the borrower for the use of the lender's money.