Answer
Principal.
Work Step by Step
The amount of money that we borrow and have to pay back later is called the principal.
Precalculus (10th Edition)
by Sullivan, Michael
Published by
Pearson
ISBN 10:
0-32197-907-9
ISBN 13:
978-0-32197-907-0
Chapter 5 - Exponential and Logarithmic Functions - 5.7 Financial Models - 5.7 Assess Your Understanding - Page 320: 3
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