Question

select the correct choices that complete the following sentence. the is what one owes at the end of each factoring in any and payments made on a loan.

Explanation:

To solve this, we analyze the context of loan repayment:

1. The first blank: In loan terminology, the balance (or "outstanding balance") is what one owes at the end of a period, after accounting for interest and payments.
2. The second blank: Loans are typically structured with periodic payments (e.g., monthly, annual), so a time unit like period (or "month," "year") fits here.
3. The third blank: When calculating the amount owed, we factor in interest (the cost of borrowing) accrued during the period, along with payments made.

Final Answer (Common Loan - Related Terms):

• First blank: Balance
• Second blank: Period (or "month," "year")
• Third blank: Interest

(Note: Depending on the specific dropdown options, the most precise terms for a loan context are "balance" (amount owed), "period" (time interval), and "interest" (cost of borrowing, factored into the balance).)

Answer:

To solve this, we analyze the context of loan repayment:

1. The first blank: In loan terminology, the balance (or "outstanding balance") is what one owes at the end of a period, after accounting for interest and payments.
2. The second blank: Loans are typically structured with periodic payments (e.g., monthly, annual), so a time unit like period (or "month," "year") fits here.
3. The third blank: When calculating the amount owed, we factor in interest (the cost of borrowing) accrued during the period, along with payments made.

Final Answer (Common Loan - Related Terms):

• First blank: Balance
• Second blank: Period (or "month," "year")
• Third blank: Interest

(Note: Depending on the specific dropdown options, the most precise terms for a loan context are "balance" (amount owed), "period" (time interval), and "interest" (cost of borrowing, factored into the balance).)