Money and Credi...

If the conversion period is $$6$$ months, the amount due at the end of $$n$$ years $$=$$?

If the periodic payments are made at the end of each period; the annuity is called _________________.

If the conversion period is one year, the amount due at the end of $$n$$ years $$=$$?

An annuity which continues forever (an infinite number of years) is called a _______________.

Find the rate of interest if the amount owed after $$6$$ months is $$Rs. 1,050$$. The borrowed amount is $$Rs. 1,000$$.

_______ of a given sum of money due at the end of a certain period of time is that sum which if invested now at the given rate of interest accumulates to the given sum at the end of the period.

The person who provides loan is known as a _______________.

An annuity is _______________.

Credit creation is

Because money serves as a medium of exchange, it eliminates