When the time period of a loan or investment is reached, the loan or investment is said to

Fill in the Blank QuestionFill in the blank question.An investment's period is the expected time to recover the initial investment amount.

The amount of money that would have to be invested today at a given interest rate overa specified period in order to equal a future amount is called

hat is the time taken to break even or oay back th initial investment

The period required for a project’s profit/benefits to equal the investment is called:ans.

If you were to invest your money, which term would you use to compute the interest on your investment: exact or approximate time? Justify your answer in two to three sentences.If you're borrowing money, which type of simple interest (exact or ordinary) would save you more money if the interest rate and time for loans were exactly the same? Explain your answer in two to three sentences.