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The amount of money that consumers borrow from a lender with the agreement it will be paid back. Web essential questions how do principal, interest rate, and loan term affect loan payments? Select the vocabulary items that are new to your learners or are most important, and. What criteria do you use to compare loan. Web use this quiz/worksheet combo to help you test your understanding of the pros and cons of different types of loans. Web types of loans read about the five people below. Some already have a loan and some are looking for a loan. Web the lesson plan includes a vocabulary list. An amount of money that consumers borrow from a lender with an agreement that it will be paid back.