{"id":70,"date":"2023-12-31T02:59:34","date_gmt":"2023-12-31T02:59:34","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/chapter\/3-6-key-terms\/"},"modified":"2024-09-25T08:33:44","modified_gmt":"2024-09-25T08:33:44","slug":"3-6-key-terms","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/chapter\/3-6-key-terms\/","title":{"raw":"3.7 Key Terms","rendered":"3.7 Key Terms"},"content":{"raw":"[pb_glossary id=\"153\"]Compound interest[\/pb_glossary]\r\n\r\n[pb_glossary id=\"141\"]Discount rate[\/pb_glossary]\r\n\r\n[pb_glossary id=\"143\"]Interest[\/pb_glossary]\r\n\r\n[pb_glossary id=\"145\"]Interest rate[\/pb_glossary]\r\n\r\n[pb_glossary id=\"149\"]Principal[\/pb_glossary]\r\n\r\n[pb_glossary id=\"163\"]Time period[\/pb_glossary]","rendered":"<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_70_153\">Compound interest<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_70_141\">Discount rate<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_70_143\">Interest<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_70_145\">Interest rate<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_70_149\">Principal<\/a><\/p>\n<p><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_70_163\">Time period<\/a><\/p>\n<div class=\"glossary\"><span class=\"screen-reader-text\" id=\"definition\">definition<\/span><template id=\"term_70_153\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_70_153\"><div tabindex=\"-1\"><p>When the interest of each period is added to the principal in computing the interest for the next period.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_70_141\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_70_141\"><div tabindex=\"-1\"><p>An interest rate used to remove interest from a future value.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_70_143\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_70_143\"><div tabindex=\"-1\"><p>The amount of interest that is paid or earned.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_70_145\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_70_145\"><div tabindex=\"-1\"><p>The rate of interest that is charged or earned during a specified time period.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_70_149\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_70_149\"><div tabindex=\"-1\"><p>The original amount of money that is borrowed or invested in a financial transaction. Also called as the present value.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_70_163\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_70_163\"><div tabindex=\"-1\"><p>The length of the financial transaction for which interest is charged or earned. It may also called the term.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><\/div>","protected":false},"author":43,"menu_order":7,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[49],"contributor":[],"license":[54],"class_list":["post-70","chapter","type-chapter","status-publish","hentry","chapter-type-numberless","license-cc-by-sa"],"part":56,"_links":{"self":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/70","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/users\/43"}],"version-history":[{"count":2,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/70\/revisions"}],"predecessor-version":[{"id":187,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/70\/revisions\/187"}],"part":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/parts\/56"}],"metadata":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapters\/70\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/media?parent=70"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=70"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/contributor?post=70"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/financialmathematicsineconomics\/wp-json\/wp\/v2\/license?post=70"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}