Which term is defined as a fee charged for the use of money? a interest
b. down payment
C. principal
d. default
Please select the best answer from the choices provided
A
B
C
D

Which term is defined as a fee charged for the use of money?

✔

b. down payment

C. principal

d. default

Explanation:

Interest is defined as a fee charge for the use of money.

combine all like terms then its just a 2 step equation