Questions: Match the term with its definition. - The rent one pays for the use of money. - Regular payments of a fixed amount made in an account. - The simple interest deducted from the amount of a loan at the time the loan is made. (a) dis (b) eff (c) in (d) al The annually compounded interest rate that would give the same interest as a given loan or investment.

Solution Steps

1. Match the term with its definition:

   • Identify the correct financial term for each definition provided.

2. The rent one pays for the use of money:

   • This is typically referred to as "interest."

3. Regular payments of a fixed amount made in an account:

   • This is typically referred to as "annuity."

4. The simple interest deducted from the amount of a loan at the time the loan is made:

   • This is typically referred to as "discount."

We need to match each definition with the correct financial term. The definitions provided are:

1. "The rent one pays for the use of money."
2. "Regular payments of a fixed amount made in an account."
3. "The simple interest deducted from the amount of a loan at the time the loan is made."

Based on the definitions:

1. "The rent one pays for the use of money" corresponds to the term "interest."
2. "Regular payments of a fixed amount made in an account" corresponds to the term "annuity."
3. "The simple interest deducted from the amount of a loan at the time the loan is made" corresponds to the term "discount."

Final Answer