______ is the amount of money owed in additional to the original amount
A. Principle
B.Available
C.APR
D.APY
give me the mf answr
I'll be glad to check your answer.
A. Principle
The correct answer is APR. APR stands for Annual Percentage Rate, which is the amount of money owed in addition to the original amount borrowed. It represents the annualized cost of borrowing, including both interest and any additional fees or charges.
To find the APR, you need to look at the terms of the loan or credit agreement. The APR is expressed as a percentage and is typically provided by the lender or creditor. It allows borrowers to understand the true cost of borrowing and compare different loan offers or credit options.
The other options you mentioned are not directly related to the additional amount owed:
A. Principle (also spelled "Principal") refers to the original amount borrowed or invested, without any additional interest or fees.
B. Available typically refers to the amount of money that is currently accessible or ready to be used, rather than the additional amount owed.
D. APY stands for Annual Percentage Yield, which is also related to the cost of borrowing or the return on investments, but it specifically refers to the total amount gained or earned from an investment, including compound interest. APY is commonly used for savings accounts or investment products.