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Chapter 11
N/A
8
Other
11th Grade
03/19/2012

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Cards

Term
Simple Interest
Definition
computed only on the principal or the amount of money originally deposited.
Term
Compound Interest
Definition
figured on the money deposited plus the interest it earns.
Term
Rule of 72
Definition
to estimate the amount of time or interest it will take for your savings to double in value.
Term
Tax Exempt
Definition
refers to earnings that are free of certain taxes.
Term
Tax Deferred
Definition
refers to a tpe of savings in which taxes on principal and or or earnings are not due until the funds are withdrawn.
Term
Annual Percentage Yield
Definition
the rate of yearly earnings from an acount including compound interest.
Term
Certificate of Deposit
Definition
requires you to deposit a given amount of money for a set of time or term.
Term
U.S Savings Bond
Definition
loaning the government money for a minimum of one year.
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