It is the periodic compensation for the use of money; the amount of money paid for the use of borrowed capital. Annuity due O Interest rate O Interest O Present worth

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
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please answer number 16:bes 221-engineering economics. please give detailed and correct answers. I will report to bartleby thos tutors who will give incorrect answers.
It is the periodic compensation for the use of money; the amount of money paid
for the use of borrowed capital.
O Annuity due
Interest rate
O Interest
Present worth
Transcribed Image Text:It is the periodic compensation for the use of money; the amount of money paid for the use of borrowed capital. O Annuity due Interest rate O Interest Present worth
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