Activity:
The following statements describe the basic terms related to the topic of this module
that you are most likely familiar with. Rearrange the jumbled letters to reveal the
answer. Write your answer on the given space.
1. It is a financial obligation of paying someone a certain amount for
the use of his or her money. (ONAL)
2. It is the amount paid to borrow money (STEINERT)
3. It is the amount of money that the loan applicant requests to
borrow. (ALPNIRICP)
4.It is payment or interest level used to determine a borrower's monthly payment. (TEAR)
5.It is the maturity or length of time over which a loan extends, for instance one year, five years, or more.(EMRT)​