Question

the length of time over which the loan is to be repaid is called the loan

the cost of a loan is calculated by adding the total
interest to the principal amount.

interest that is calculated on both the initial principal and the accumulated
interest from previous periods is called interest.

a lower means a loan will generally be less
expensive over its duration.

a score reflects a borrowers creditworthiness
based on their credit history.

Explanation:

• For the first blank, the term for the length of time to repay a loan is "term".
• For the second blank, when total interest is added to principal for loan cost, it's the "total" cost.
• For the third blank, interest on initial principal and accumulated interest is "compound" interest.
• For the fourth blank, a lower "interest rate" makes a loan less expensive over time.
• For the fifth blank, a "credit" score reflects borrower's creditworthiness based on credit history.

Answer:

1. term
2. total
3. compound
4. interest rate
5. credit