Shared Flashcard Set

Details

2.01
personal finance
8
Finance
11th Grade
02/29/2012

Additional Finance Flashcards

 


 

Cards

Term
simple intrest
Definition
intrest computed only on the principal
Term
compound interest
Definition
interest fiqured  on money deposited plus interest
Term
rule of 72
Definition
a method used to estimate the amount of time or interest it will take for savings to double in value
Term
tax exempt
Definition
earnings that are free of certain taxes
Term
tax deferred
Definition
savings or earnings that are not taxed until the funds are withdrawn
Term
apy
Definition
the rate of yearly earnings from an account including compound intreset
Term
cd
Definition
money deposited for a set period of time that earns a set annual rate of interest
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