Fill-in-the-Blank 56. _____________ is a borrower's payment to the owner of an asset for its use. 57. The interest rate is also called the __________________ rate. 58. To calculate present value...

56. _____________ is a borrower's payment to the owner of an asset for its use.

57. The interest rate is also called the __________________ rate.

58. To calculate present value of an amount, two factors are required: __________________ and ___________________.

59. An _____________ is a series of equal payments occurring at equal intervals.

60. The future value of an ________________ annuity is the accumulated value of each annuity payment with interest as of the date of the final payment.